GlobalFoundries (NasdaqGS:GFS) Sees 15% Weekly Drop With Merger Talks Creating Investor Uncertainty
GlobalFoundries saw its stock price drop 15% over the past week, potentially impacted by the ongoing merger discussions with United Microelectronics Corporation, which might have created uncertainty among investors. Adding to this, broader market turmoil significantly pressured stock prices, as the Dow, S&P 500, and Nasdaq all experienced severe declines due to President Trump’s new tariffs. This led to broader sell-offs across the semiconductor sector. The confluence of a significant market drop and sector-specific pressures might have contributed to GlobalFoundries’ recent stock performance decline.
