NASDAQ:GFS

GlobalFoundries shares to watch after Mubadala sells 22 million shares
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GlobalFoundries shares to watch after Mubadala sells 22 million shares

GlobalFoundries shares fell 0.5% to $80.63 in after-hours trading Thursday after Mubadala sold 22 million shares, cutting its stake to 73%. Trading volume hit about 9.6 million, with the company’s market cap near $44.5 billion. The sale followed a 9.8% drop Wednesday after reports Mubadala aimed to raise $1.91 billion in a block trade. GlobalFoundries’ second-quarter revenue outlook topped Wall Street estimates.
May 29, 2026

Stock Market Today

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