Trump Administration Doubles Its Equity Stake In GlobalFoundries, Will Partner With Company In New Semiconductor Plant

President Trump and chipmaker GlobalFoundries (GFS) announced a multifaceted series of deals Wednesday, including a doubling of the already sizable U.S. government stake in the company, as well as plans for two new semiconductor fabrication plants to be operated by the company and the U.S. and Japanese governments.

GlobalFoundries' market capitalization, according to Yahoo Finance data, is about $27.2 billion. Trump said Wednesday that the U.S. government's stake is now "worth over 2 Billion Dollars."

The deal also includes the formation of a new "Special Purpose Vehicle" co-owned by the U.S. and Japanese governments. The new entity will fund the construction of the two fabrication plants and then own the underlying

infrastructure, according to a presentation from GlobalFoundries to its investors.

GlobalFoundries will receive payments for its technological know-how and for operating the facilities, with the company describing itself as "the technology provider and operator" of the plants.

The announcements on Wednesday were the latest twist in the U.S. government's aggressive move into equity stakes in private companies, which now spans 35 companies. Yahoo Finance reports.

☁️ CoreWeave Is Getting Drilled Again The Day After A Panic-Filled Rout

Heavily indebted AI player CoreWeave (CRWV) is having an awful week that keeps getting worse. Shares plunged 6% in premarket trading on Thursday, following a 15% rout on Wednesday.

"In our view, the company's long-term business model remains economically challenged; we maintain our Underperform," Bernstein analyst Madison Rezaei said in a note Thursday.

Two factors collided to spark Wednesday's sell-off. First, CoreWeave's corporate bonds across maturities continued to be dumped amid fears of an AI slowdown and what that would mean for the company's precarious balance sheet. The rise in yields on CoreWeave's bonds even spurred Elon Musk to post "Yikes" on X in response to a post by venture capitalist Chamath Palihapitiya.

Second, Gartner, in a new report, forecast that by 2030, "cost pressure and a lack of a differentiating business model will force over 80% of neocloud providers to cease independent operations." Yahoo Finance reports.

🚌 GreenPower's Strategic Partner Has Secured More Than $2.5 Billion for Electric Mobility Projects. Stock Up in Premarket

GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium- and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space, and school bus sector, today announced that it is moving forward with planning for the initial 50 all-electric shuttle buses for joint development with a new strategic partner that has secured more than $2.5 billion for electric mobility projects.

"Body assembly, slated to be entirely done in Mexico, can utilize the planned GreenPower New Mexico facility for the preparation and staging of our EV Star Cab & Chassis, the zero-emission platform that we are using for this build," said Brendan Riley, GreenPower President. "Our relationship with Mexican body builders will allow us to localize vehicles that specifically meet the customers' requirements and expand our bus deployments in Mexico." NewsFileCorp reports.

🛰️ Rocket Lab Stock Plunges Nearly 10% After Another Neutron Launch Setback

Shares of Rocket Lab Corporation (NASDAQ: RKLB) fell nearly 10% in Thursday’s premarket trading, extending losses from Wednesday’s after-hours session after the company officially delayed the first launch of its Neutron rocket until 2027.

The setback followed the discovery of manufacturing defects in a key component of the rocket’s first stage, raising concerns about the timeline for its highly anticipated debut.

CEO Peter Beck said inspections revealed tiny air pockets between layers of carbon fiber in the rocket’s forward propellant dome. These defects could weaken the structure and affect its reliability.

The problem emerged after Rocket Lab changed its manufacturing process and increased the thickness of certain sections of the dome to improve strength. Benzinga reports.

📡 Why Ericsson Shares Are Trading Higher By Around 11%

Shares of Telefonaktiebolaget LM Ericsson – ADR (NASDAQ: ERIC) rose sharply in premarket trading after the company posted upbeat third-quarter results.

The company reported quarterly earnings of 18 cents per share, beating the analyst consensus estimate of 14 cents per share. The company reported quarterly sales of $6.168 billion, beating the analyst consensus estimate of $5.790 billion.

Ericsson shares jumped 10.9% to $10.62 in premarket. Benzinga reports.

💼 RedCloud Holdings (RCT) Rallies Over 18% After-Hours

RedCloud Holdings plc (NASDAQ: RCT) shares rose 18.40% to $0.13 in after-hours trading on Wednesday after the company disclosed that it had received a Nasdaq delisting determination.

On Wednesday, the United Kingdom-based technology company said Nasdaq’s Listing Qualifications Department had issued a staff delisting determination on Tuesday. The company failed to comply with the listing rule requiring a minimum bid price of $1 per share.

A bid price deficiency arises when the minimum bid price requirement is not met for 30 consecutive business days. RedCloud is not eligible for a second 180-day compliance period. The company said it lacks the stockholders’ equity needed to meet initial listing standards. Benzinga reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) JBDI: JBDI Holdings Limited
Total gain: +31.87%

2) TULP: Bloomia Holdings, Inc.
Total gain: +22.17%

3) ACFN: Acorn Energy, Inc.
Total gain: +21.55%

4) YXT: YXT.COM Group Holding Limited
Total gain: +17.65%

5) NCEL: NewcelX Ltd.
Total gain: +12.26%

The closing price of the top three market percent gainers trading near or above $2 on Oct 14.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) GLND: Greenland Energy Company
Total gain: +76.47%

The stock appeared to be moving on no notable news.

2) BSP: Bending Spoons S.p.A.
Total gain: +41.20%

The company announced that Berkshire Hathaway agreed to invest an additional $330 million in the company, bringing its ownership stake to 4%. The investment follows Berkshire Hathaway’s initial $600 million commitment during Bending Spoons’ July 2026 IPO. Under the agreement, Bending Spoons will issue 10 million ordinary shares at $33 per share through a private placement, subject to customary closing conditions. CNBC reports.

3) NXGL: NEXGEL, Inc.
Total gain: +34.81%

The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

TSM

Taiwan Semiconductor

Q3 2026

After Market Close

Estimate: 4.450

Actual: 4.600

ERIC

Telefonaktiebolaget L M

Q3 2026

After Market Close

Estimate: 0.140

Actual: 0.180

SCHW

Charles Schwab

Q3 2026

Before Market Open

Estimate: 1.660

Actual: N/A

Time (ET) / Report / Period

• 8:30 AM / Empire State Manufacturing Survey / Oct.
• 8:30 AM / Retail Sales / Sep
• 8:30 AM / Philadelphia Fed Business Outlook Survey / Oct.

“Mr. Market is there to serve you, not to guide you.”

– Warren Buffett

Sourced in: Berkshire Hathaway, 1987 Shareholder Letter

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