GlobalFoundries Stock Up 4% After Cantor Upgrade

GlobalFoundries shares jumped about 4% after Cantor Fitzgerald upgraded the stock to Overweight with an $80 price target.
The company unveiled its SCALE optical compute interconnect solution, featuring 8λ/16λ DWDM, 50‑100 Gbps modulators and advanced silicon‑via packaging.
Morgan Stanley analyst Charlie Chan lifted the price target to $58 from $47, keeping an Equalweight rating.
Chief Business Officer Mike Hogan said the SCALE platform meets OCI MSA requirements and can scale next‑generation AI infrastructure.