GlobalFoundries beats Q2 revenue estimates on AI chip demand

1. 1GlobalFoundries (GFS) reported that its second-quarter revenue exceeded Wall Street estimates.
2. 2Revenue of $1.79 billion and adjusted diluted EPS of $0.46 beat estimates of $1.77 billion and $0.44, respectively.
3. 3Rising AI infrastructure spending boosted demand for data-center silicon photonics chips, driving the revenue increase.

Source Reuters · View original ↗

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