BUZZ-GlobalFoundries drops after Wedbush downgrades stock

Reuters2025-12-31

BUZZ-GlobalFoundries drops after Wedbush downgrades stock

** Shares of chipmaker GlobalFoundries GFS.O fall 1.7% to$35.30 in premarket trading

** Wedbush downgrades stock to "neutral" from "outperform"

** Brokerage says there's near-term risk to consumer electronics, especially smartphones, as rising memory costs push up prices, with OEMs (original equipment manufacturers) already cutting production anticipating weaker demand

** Wedbush cuts target price to $40 from $42, representing a 10.20% upside to the stock's last close of $36.115

** "While we expect eventually the proliferation of AI at the edge will drive device refresh cycles as well as content growth, we believe this catalyst is more likely 12+ months out" - Wedbush

** 10 of 21 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $40 - data compiled by LSEG

** Up to last day's close, stock down 15.8% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2595771790?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-31 21:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2595771790","market":"fut","top_or_hot":-1,"title":"BUZZ-GlobalFoundries drops after Wedbush downgrades stock","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-GlobalFoundries drops after Wedbush downgrades stock</title></head><body><p>** Shares of chipmaker GlobalFoundries <span>GFS.O</span> fall 1.7% to$35.30 in premarket trading </p><p>** Wedbush downgrades stock to \"neutral\" from \"outperform\" </p><p>** Brokerage says there's near-term risk to consumer electronics, especially smartphones, as rising memory costs push up prices, with OEMs (original equipment manufacturers) already cutting production anticipating weaker demand  </p><p>     ** Wedbush cuts target price to $40 from $42, representing a 10.20% upside to the stock's last close of $36.115</p><p>** \"While we expect eventually the proliferation of AI at the edge will drive device refresh cycles as well as content growth, we believe this catalyst is more likely 12+ months out\" - Wedbush</p><p>** 10 of 21 brokerages rate the stock \"buy\" or higher, 10 \"hold\" and one \"sell\"; their median PT is $40 - data compiled by LSEG</p><p>** Up to last day's close, stock down 15.8% YTD </p><p> (Reporting by Kanishka Ajmera in Bengaluru)</p><p> ((mail to: Kanishka.Ajmera@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-GlobalFoundries drops after Wedbush downgrades stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-GlobalFoundries drops after Wedbush downgrades stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-31 21:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-GlobalFoundries drops after Wedbush downgrades stock</title></head><body><p>** Shares of chipmaker GlobalFoundries <span>GFS.O</span> fall 1.7% to$35.30 in premarket trading </p><p>** Wedbush downgrades stock to \"neutral\" from \"outperform\" </p><p>** Brokerage says there's near-term risk to consumer electronics, especially smartphones, as rising memory costs push up prices, with OEMs (original equipment manufacturers) already cutting production anticipating weaker demand  </p><p>     ** Wedbush cuts target price to $40 from $42, representing a 10.20% upside to the stock's last close of $36.115</p><p>** \"While we expect eventually the proliferation of AI at the edge will drive device refresh cycles as well as content growth, we believe this catalyst is more likely 12+ months out\" - Wedbush</p><p>** 10 of 21 brokerages rate the stock \"buy\" or higher, 10 \"hold\" and one \"sell\"; their median PT is $40 - data compiled by LSEG</p><p>** Up to last day's close, stock down 15.8% YTD </p><p> (Reporting by Kanishka Ajmera in Bengaluru)</p><p> ((mail to: Kanishka.Ajmera@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251231:nL6N3Y109H:1","article_id":"2595771790","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595771790","pubTimestamp":1767186749,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-GlobalFoundries drops after Wedbush downgrades stock** Shares of chipmaker GlobalFoundries GFS.O fall 1.7% to$35.30 in premarket trading ** Wedbush downgrades stock to \"neutral\" from \"outperform\" ** Brokerage says there's near-term risk to consumer electronics, especially smartphones, as rising memory costs push up prices, with OEMs  already cutting production anticipating weaker demand       ** Wedbush cuts target price to $40 from $42, representing a 10.20% upside to the stock's last close of $36.115** \"While we expect eventually the proliferation of AI at the edge will drive device refresh cycles as well as content growth, we believe this catalyst is more likely 12+ months out\" - Wedbush** 10 of 21 brokerages rate the stock \"buy\" or higher, 10 \"hold\" and one \"sell\"; their median PT is $40 - data compiled by LSEG** Up to last day's close, stock down 15.8% YTD   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","GFS":"GLOBALFOUNDRIES Inc.","BK4588":"碎股","BK4605":"半导体精选","BK4141":"半导体产品"},"translate_title":"韦德布什下调股票评级后，GlobalFoundries股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GFS":0.9},"content_text":"BUZZ-GlobalFoundries drops after Wedbush downgrades stock** Shares of chipmaker GlobalFoundries GFS.O fall 1.7% to$35.30 in premarket trading ** Wedbush downgrades stock to \"neutral\" from \"outperform\" ** Brokerage says there's near-term risk to consumer electronics, especially smartphones, as rising memory costs push up prices, with OEMs (original equipment manufacturers) already cutting production anticipating weaker demand       ** Wedbush cuts target price to $40 from $42, representing a 10.20% upside to the stock's last close of $36.115** \"While we expect eventually the proliferation of AI at the edge will drive device refresh cycles as well as content growth, we believe this catalyst is more likely 12+ months out\" - Wedbush** 10 of 21 brokerages rate the stock \"buy\" or higher, 10 \"hold\" and one \"sell\"; their median PT is $40 - data compiled by LSEG** Up to last day's close, stock down 15.8% YTD  (Reporting by Kanishka Ajmera in Bengaluru) ((mail to: Kanishka.Ajmera@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595771790","isCrawlerRequest":true}