The Nasdaq-100 Index is composed of the 100 largest non-financial companies listed on The Nasdaq Stock Market. The reconstituted index (effective Dec. 19, 2022) has 6 new members, replacing such stalwarts as BIDU, SWKS DOCU and NTES.

More cautious than peers, Morgan Stanley analyst Joseph Moore starts GlobalFoundries with an Equal Weight on limited near-term upside.

It's not a huge surprise that automakers want to take production matters into their own hands. We've said before that the global semi shortage "may not just go away" on its own in 2022. 

GlobalFoundries stock is going public on Oct. 27. The company is the self-proclaimed largest silicon wafer supplier that's not dependent on China and Taiwan, but that doesn't mean the business will be profitable.