Global Foundries is the next Soitec.

Stable giant left behind because of a sluggish core business. Finally recognized as earnings show the truth.

They plan for their core business to grow in FY26 and their photonics business to double, while already being oversubscribed until FY27 for some of those products, which come at a higher margin.

The advantage of being an established player is that you can fund expansions without dilution and have a more established R&D and scaling roadmap.

$GFS won't explode 100% in a week, but it'll slowly grind higher and show the market that it has everything to be the CPO foundry leader.

Just be patient.