GlobalFoundries jumps as it launches quantum manufacturing unit and discloses proposed $375M U.S. award plus equity investment

GlobalFoundries Inc. (GFS) is up 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to GlobalFoundries launching a dedicated quantum business and disclosing a proposed U.S. government funding package and strategic equity investment. Investors likely interpreted the announcement as a major validation of GF’s role in scaling quantum hardware manufacturing and a potential incremental demand driver beyond its core foundry business.

Details:

GlobalFoundries announced the launch of “Quantum Technology Solutions,” positioning the unit to manufacture quantum hardware building blocks, including quantum processor units, cryogenic control/readout ICs, advanced packaging, and superconducting interconnects.

The company said it entered into a letter of intent with the U.S. Department of Commerce for a proposed $375 million award to accelerate the build-out of the new quantum initiative.

GlobalFoundries also disclosed a separate arrangement in which the U.S. Department of Commerce would receive a strategic equity investment in the company, representing about 1% ownership as of the announcement date.

This development coincided with broader market focus on a reported U.S. quantum grant package totaling about $2 billion across multiple companies, potentially lifting sentiment across the space.

Sources:

GlobeNewswire, The Wall Street Journal

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GFS Insider Trading Activity

$GFS insiders have traded $GFS stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.

Here’s a breakdown of recent trading of $GFS stock by insiders over the last 6 months:

MICHAEL JAMES HOGAN (Chief Strategy Officer) has made 0 purchases and 7 sales selling 11,500 shares for an estimated $659,459.
SAMUEL VICARI (Chief Customer Officer) sold 8,692 shares for an estimated $657,289
GLENDA DORCHAK sold 4,000 shares for an estimated $233,840
SAMAK L AZAR (Chief Legal Officer) has made 0 purchases and 8 sales selling 4,000 shares for an estimated $212,165.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GFS Hedge Fund Activity

We have seen 217 institutional investors add shares of $GFS stock to their portfolio, and 164 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MUBADALA INVESTMENT CO PJSC removed 27,344,840 shares (-6.1%) from their portfolio in Q1 2026, for an estimated $1,216,298,483
FMR LLC added 8,595,583 shares (+15.5%) to their portfolio in Q1 2026, for an estimated $382,331,531
MORGAN STANLEY added 2,997,792 shares (+182.9%) to their portfolio in Q1 2026, for an estimated $133,341,788
BESSEMER GROUP INC added 2,813,548 shares (+8275141.2%) to their portfolio in Q1 2026, for an estimated $125,146,615
MARSHALL WACE, LLP added 2,669,645 shares (+112.1%) to their portfolio in Q1 2026, for an estimated $118,745,809
INVESCO LTD. removed 2,142,292 shares (-72.3%) from their portfolio in Q4 2025, for an estimated $74,808,836
PACER ADVISORS, INC. removed 1,874,440 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $65,455,444

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GFS Government Contracts

We have seen $29,959,881 of award payments to $GFS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

SOW 25-5C9: $15,503,852
THE TRUSTED FOUNDRY ACCESS (TFA) CONTRACT ACQUIRED SUPPLIES ASSOCIATED WITH APPLICATION SPECIFIC INTEGRATED...: $500,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$GFS Analyst Ratings

Wall Street analysts have issued reports on $GFS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Baird issued a "Outperform" rating on 02/12/2026
B of A Securities issued a "Underperform" rating on 12/04/2025

To track analyst ratings and price targets for $GFS, check out Quiver Quantitative's $GFS forecast page.

$GFS Price Targets

Multiple analysts have issued price targets for $GFS recently. We have seen 13 analysts offer price targets for $GFS in the last 6 months, with a median target of $70.0.

Here are some recent targets:

Mark Lipacis from Evercore ISI Group set a target price of $85.0 on 05/19/2026
Mehdi Hosseini from Susquehanna set a target price of $125.0 on 05/11/2026
Joseph Moore from Morgan Stanley set a target price of $65.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $70.0 on 05/06/2026
Timothy Arcuri from UBS set a target price of $77.0 on 05/06/2026
Harlan Sur from JP Morgan set a target price of $70.0 on 05/06/2026
Charles Shi from Needham set a target price of $80.0 on 05/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.