Thread regarding GlobalFoundries layoffs

https://www.insidermonkey.com/blog/globalfoundries-inc-gfs-worst-performing-nasdaq-stock-in-2024-1376692/ (GFS): Worst Performing NASDAQ

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.

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| 951 views | | 9 replies (last October 24, 2024) | Reply
Post ID: @OP+1v4uevAC

9 replies (most recent on top)

  1. 86 USD
  • 9.88 (-20.27%)all time

looking forward seeing Garbage F... Sh... (GFS) in penny stock

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Post ID: @5xyg+1v4uevAC

As a former employee, this makes my heart happy.

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Post ID: @5mka+1v4uevAC

GFS is not in the same league with TSMC.
TSMC is the PhD student and GFS still takes naps at recess.

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Post ID: @3oln+1v4uevAC

I had been in a meeting with one of the directors when he called AI a gimmick.

I use various forms of AI to assist in generating open scad files, and it really speeds up the process.

I walked out the door the next day and never looked back. I've never seen such a collective lack of foresight in my life.

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Post ID: @3jmu+1v4uevAC

GlobalFLoundries

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Post ID: @2bsb+1v4uevAC

Garbage Culteries is doomed to fail

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Post ID: @2gmv+1v4uevAC

This is what happens when you decide to focus only on low-cost resources and not on producing differentiated technologies. With TB calling the shots and TC being his puppet, the only focus is on cost cutting and ZERO innovation. Sometimes company's just have to accept they become what they created and in this case GF has become a bottom feeding company with ZERO innovation!!!

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Post ID: @2cfc+1v4uevAC

And they will completely ignore this like it doesn’t exist and there is nothing wrong. Or they will spin it into a positive and an “opportunity.”

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Post ID: @1jff+1v4uevAC

First time right! Right….

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Post ID: @kqx+1v4uevAC

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