UAE's AI Ambitions Include Making Advanced Semiconductors [BNN Bloomberg (Canada)]
GlobalFoundries Inc. (GFS)
Company Research
Source: BNN Bloomberg
“The only way this will work is if we're able to build sustainable and long-term partnerships with countries like the United States where we are able to build cutting-edge chips,” Omar Al Olama, the UAE's minister of state for artificial intelligence, said in an interview, cautioning that the work is at an early stage. AI's Future Is Being Forged by the US and UAE: Yousef Al Otaiba The Gulf country has positioned itself to become a regional heavyweight in artificial intelligence, investing heavily in the sector and shifting away from China to assuage US government concerns. The global surge in AI has fueled demand for advanced semiconductors which are needed to support the huge amounts of data processed by the smart technology. The UAE's plans have caught the attention of OpenAI's Sam Altman, who's approached Abu Dhabi to discuss funding for an advanced semiconductor venture, according to The Financial Times. The UAE's sovereign wealth fund has also backed chipmaker GlobalFou
Show less
Read more
Impact Snapshot
Event Time:
GFS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GFS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GFS alerts
High impacting GlobalFoundries Inc. news events
Weekly update
A roundup of the hottest topics
GFS
News
- Invest in This Stock Now: It May Go Big [Yahoo! Finance]Yahoo! Finance
- Here's My Choice for the Best Artificial Intelligence (AI) Stock to Buy Right Now (It's Not Nvidia) [Yahoo! Finance Canada]Yahoo! Finance Canada
- UPDATE 1-Intel appoints industry veteran Kevin O'Buckley to lead foundry unit [Yahoo! Finance]Yahoo! Finance
- Intel appoints industry veteran Kevin O'Buckley to lead foundry unit [Reuters]Reuters
- GLOBALFOUNDRIES Inc. (NASDAQ: GFS) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $62.00 price target on the stock.MarketBeat
GFS
Earnings
- 5/7/24 - Beat
GFS
Sec Filings
- 5/7/24 - Form 6-K
- 5/7/24 - Form 6-K
- 4/29/24 - Form 20-F
- GFS's page on the SEC website