Semiconductor Breakouts: GFS Stock Blasts higher on 700% Growth, IoT Expansion
GlobalFoundries (GFS) gerade beat Q4 estimates, propelling the contract GFS stock into a new buy zone. The breakout comes on the heels of the chipmaker forging a long-term agreement with General Motors (GM) and an acquisition to expand its IoT footprint. The GM news and yet another explosive earnings report earn GlobalFoundries a featured spot on the IBD Breakout Stocks Index. Highlighting the resurgence in tech stocks after last years Bärenmarkt, ON Semiconductor (ON), Broadcom (AVGO), Cirrus Logic (CRUS), Super Mikrocomputer (SMCI) und Axcelis-Technologien (ACLS) join GFS stock on the index. While GlobalFoundries did not join fellow semiconductor sector stocks Gitter-Halbleiter (LSCC), Mobileye (MBLY) and AVGO on the latest list of Neue Käufe der besten Investmentfonds, leading money managers have shown a keen and rising interest in the chipmaker. GlobalFoundries earns an A+ Thesaurierungs-/Ausschüttungsrating, pointing to heavy buying by institutional investors over the last 13 weeks. The number of funds with a position in the company has increased for four straight quarters, jumping from 323 funds in Q1 to 452 in Q4. Plus, 41 funds with an A+ rating from IBD own GFS stock. Who Joins GFS Stock On The IBD Breakout Stocks Index? GlobalFoundries, GM Forge ‘First-Of-Kind’ Partnership As one of the worlds leading semiconductor manufacturers. GlobalFoundries