Published on 19 Oct 2024 on Insider Monkey · via Yahoo Finance
GLOBALFOUNDRIES Inc. (GFS): Worst Performing NASDAQ Stock in 2024
We recently compiled a list of the 10 Worst Performing NASDAQ Stocks in 2024. In this article, we are going to take a look at where GLOBALFOUNDRIES Inc. (NASDAQ:GFS) stands against the other Worst Performing NASDAQ Stock in 2024.
Factors Driving Market Growth
Markets have been soaring for the better part of the year, with pullbacks acting as entry levels from where investors have joined and pushed the market higher. While artificial intelligence was one of the factors that drove many tech stocks higher, earnings results that were better than expected also had a significant impact.