GlobalFoundries Soars to $53.38 in 2025 After Strong Q1 Earnings; Datadog and FIS Update
Explore the latest 2025 market moves as GlobalFoundries surges following a stellar Q1 report supported by CHIPS Act funding, Fidelity National Information Services impresses with strong profits and guidance, while Datadog faces a decline despite earnings beat amid leadership changes.
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On Tuesday's trading session, technology stocks experienced mixed results. The S&P 500 Information Technology Sector Index dipped 0.5% by 2:30 p.m. ET, with the broader S&P 500 remaining mostly flat and Nasdaq declining 0.2%.
Semiconductor giant GlobalFoundries (GFS) saw its shares jump 7% to $53.38 after reporting first-quarter earnings that surpassed analysts' expectations. This surge is bolstered by $1.5 billion in CHIPS Act funding to expand operations in New York and Vermont, complemented by New York state's additional $600 million support.
GlobalFoundries’ Growth Fueled by Government Investment and Strong Q1 Results
GlobalFoundries continues to capitalize on substantial government funding and robust demand, positioning itself as a leader in semiconductor manufacturing with promising expansion in 2024.
Fidelity National Information Services (FIS) Gains 4% to $73.26 on Strong Earnings and Optimistic Outlook
FIS exceeded earnings forecasts and raised its guidance, also announcing an expanded share buyback. The company credits strong growth in digital banking, payment solutions, and risk management services as key drivers.
Datadog Shares Drop Nearly 11% to $113.41 Despite Earnings Beat; Leadership Changes Announced
Despite beating quarterly expectations, Datadog's stock fell amid cautious future guidance and the announcement that President Amit Agarwal will step down by the end of 2024, signaling possible strategic shifts ahead.
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