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0.000807537012113086 -0.000672947510094174 -0.0192462987886944 -0.0131897711978464 -0.0667563930013458 -0.085329744279946 -0.102018842530283 -0.118169582772544
Stock impact report

GlobalFoundries expects upbeat quarter on demand for auto, data center chips [Yahoo! Finance]

GlobalFoundries Inc. (GFS) 
Company Research Source: Yahoo! Finance
Shares of the ?Malta, New York-based GlobalFoundries rose around 6% in premarket trading, after also topping expectations ?for third-quarter profit. The company has seen higher demand for its made-to-order chips, as automakers focus on electric vehicles and advanced driver-assistance systems and as tech companies look to upgrade data center capacity to run their artificial intelligence models. Automotive clients ?account for about 16% ?of the company's annual revenue on average, while communications, infrastructure and data center customers account for about 10.5%.? Its biggest segment is smartphones, representing over 40% of revenue. For the fourth quarter, GlobalFoundries expects adjusted earnings of 47 cents per share, plus or minus 5 cents, ?compared with analysts' estimate of 46 cents per share, according to data ?compiled by LSEG. It expects revenue of $1.80 billion, plus or minus 25 million, a touch above estimates of $1.79 billion. One of the few large foundries wit Show less Read more
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