GlobalFoundries (GFS) says it targets gross margin of around 30% this year, 40% in 2028, and 45% by 2030
Newsquawk Staff ·
- CFO says 2026-2028 bridge primarily driven by mix, higher margin tech services, manufacturing productivity, and scale absorption
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE
- Merck & Co (MRK) and Moderna (MRNA) say safety profile of Intismeran plus Keytruda was generally consistent with previously reported studies of combination; significantly reduced the risk of recurrence or death by 42% compared to Keytruda alone
- Nvidia (NVDA) launches Minerva platform for end-to-end AI factory observability
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
- US PREMARKET MOVERS: META, TSLA, IBM, LRCX, BX, PG, CMCSA, SAP, BABA
Related headlines
- Moderna (MRNA) downside attributed to early data leaks (link below) - UNCONFIRMED5 hours ago
- State of Rhode Island sues Meta (META) over alleged tolerance for scam advertising6 hours ago
- Meta's (META) 5yr CDS hits an all-time high at 114.5bps8 hours ago
- Google (GOOGL) is launching an agent compute engine9 hours ago
- US BROKER MOVES: CME upgraded at JPM; BROS downgraded at RBC 10 hours ago
- Comcast (CMCSA) Q3 2026 (USD): Adj. EPS 1.07 (exp. 0.99), Revenue 29.30bln (exp. 29.20bln)11 hours ago
- Newmont (NEM) says production growth is expected to begin in 2027 following previously flagged 2026 trough, adds Q3 gold production was broadly flat sequentially as anticipated40 min ago
- Western Digital (WDC) Q1 2027 (USD): Adj. EPS 4.64 (exp. 4.08), Revenue 4.38bln (exp. 4.14bln)2 hours ago
- Uber (UBER) puts all 30,000 employees on ChatGPT Work6 hours ago
- Newsquawk Daily US Earnings Estimates - 23rd October 2026: AXP6 hours ago
- Fireblocks denies talks with Visa (V), CoinDesk reports7 hours ago
- Norfolk Southern (NSC) says tightening truck capacity is improving rail competitiveness, supporting truck-to-rail conversions and stronger customer demand8 hours ago
- Procter & Gamble (PG) CFO says 'so far, consumer has held up, we don't know if that's going to continue'8 hours ago
- eBay (EBAY) confirms plans to reduce workforce by 9%; expects Q3 results above guidance 9 hours ago
- AbbVie (ABBV) announces positive topline results from the Phase 3 INTREPID study evaluating the safety and efficacy of lutikizumab in adults and adolescents with moderate to severe hidradenitis suppurativa9 hours ago