GlobalFoundries Inc

GFS is entrenched in a Stage 4 distribution with bearish medium- and long-term bias; price has bounced from oversold support into the declining short-term EMAs without reclaiming the 20- or 50-day averages, making a sell into rallies toward the 9/21 EMA zone the preferred approach.

• ↑Q2 revenue $1.786B (+6% YoY, +9% QoQ) driven by 62% comms & data center surge
• ↑Gross margin rose 470 bps to 29.9% with full-year guidance near 30%
• ↓Profitability metrics remain weak, raising questions on return generation