New York, Feb 1, 2026, 19:51 (EST) — Market closed.
- GlobalFoundries (GFS) ended Friday’s session at $42.20, slipping roughly 5%.
- U.S. chip stocks slipped, dragging the PHLX Semiconductor Sector index down by almost 4%.
- Traders are eyeing Friday’s U.S. jobs report along with GlobalFoundries’ Feb. 11 earnings as the next key hurdles.
GlobalFoundries shares ended Friday down $2.25, roughly 5%, closing at $42.20. During the session, the stock fluctuated between $41.84 and $44.05.
The decline mirrored a slump in the chip sector. The PHLX Semiconductor Sector index, a key gauge for U.S. semiconductor stocks, slid 3.9% in the previous session.
Futures hinted at a cautious start to Monday as investors gear up for a busy week loaded with corporate earnings, key central bank meetings, and Friday’s U.S. payroll report. The spotlight remains on Donald Trump’s pick of former Federal Reserve governor Kevin Warsh as the next Fed chair. “Trump is most unlikely to have nominated Warsh if he was not genuinely supportive of lower interest rates,” noted Ray Attrill from National Australia Bank. Market watchers are also focused on earnings from Alphabet, Amazon, and Advanced Micro Devices, particularly their AI-related spending plans, after Microsoft’s latest results shook investor confidence, Reuters reported. Reuters
The partial U.S. government shutdown that started Saturday adds uncertainty to this week’s data slate. House Speaker Mike Johnson expressed confidence on Sunday that he can secure enough votes to end the shutdown by Tuesday, Feb. 3.
GlobalFoundries is gearing up for a key moment. The chipmaker will release its fourth-quarter and full-year 2025 results on Feb. 11, followed by a conference call at 8:30 a.m. ET, the company announced.
Investors are focused on guidance around utilization—the share of factory capacity actually running—and capital spending plans. GlobalFoundries moves a large volume of “mature-node” chips, using older process technologies common in cars and industrial equipment. These tend to be more stable than bleeding-edge tech but remain sensitive to shifts in price and volume.
The next key macro update will be the Employment Situation report for January, set for release on Friday, Feb. 6 at 8:30 a.m. ET, per the U.S. Bureau of Labor Statistics schedule.
The risk for the stock is straightforward: if rates and risk appetite continue to fluctuate, traders could keep using GlobalFoundries as a stand-in for the entire chip sector. A cautious outlook on Feb. 11 won’t do the stock any favors.
Trading picks back up Monday. GlobalFoundries will report next on Feb. 11.
