Why GlobalFoundries Sank 24.1% in January
Shares of GlobalFoundries (NASDAQ: GFS) fell 24.1% in January, according to data from S&P Global Market Intelligence.
Given that GlobalFoundries is one of just a few global pure-play semiconductor foundries, and that we are in a booming period for chip demand, it may be surprising to see the stock sell off so much last month. However, as with everything tech-related, much of the sell-off came down to valuation.
Image source: Getty Images.
Source Fool.com
