🟢 GFS is trading 5.2% up today as Nvidia's blowout earnings lift chip sector

GlobalFoundries (GFS) is trading 5.2% up at $74.50 in pre-market, extending a strong rebound in semiconductor and AI-related names following Nvidia’s blockbuster quarterly results.

• The rally is driven by Nvidia’s blowout Q1 earnings and massive buyback announcement, which are lifting the broader chip sector after helping push GFS 5.6% higher during the prior session.
• There are no new company-specific headlines for GFS; the current price action appears to be entirely fueled by sector-wide AI sentiment.