Why GlobalFoundries Soared Double Digits Today
Shares of third-party semiconductor foundry GlobalFoundries (NASDAQ: GFS) were soaring today, up 13.5% as of 2:03 p.m. ET.
There wasn't any specific news out of the company today, but it was a good day for technology stocks, which bounced back from a brutal multi-day sell-off.
However, there could be another geopolitical reason investors may be buying shares of GlobalFoundries in size today.
Source Fool.com
