https://www.insidermonkey.com/blog/globalfoundries-inc-gfs-worst-performing-nasdaq-stock-in-2024-1376692/
GlobalFoundries (GFS) is facing significant challenges, evident in its nearly 30% decline in 2024. A key issue is its failure to capitalize on the booming artificial intelligence (AI) sector, unlike competitors like TSMC. GFS remains focused on smartphone and automotive sectors, missing out on the growth opportunities in AI, resulting in slower sales growth. With a 12% year-over-year revenue decline, this underperformance raises concerns about its future in an increasingly AI-driven semiconductor market, as it lags behind competitors innovating in high-demand areas.