Why GlobalFoundries Soared Double Digits Today

Shares of third-party semiconductor foundry GlobalFoundries (NASDAQ: GFS) were soaring today, up 13.5% as of 2:03 p.m. ET.

There wasn't any specific news out of the company today, but it was a good day for technology stocks, which bounced back from a brutal multi-day sell-off.

However, there could be another geopolitical reason investors may be buying shares of GlobalFoundries in size today.

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Source Fool.com