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GlobalFoundries Inc. (NASDAQ:GFS) is one of the best multibagger stocks to buy in 2026. On May 21, GlobalFoundries launched Quantum Technology Solutions to scale domestic manufacturing for utility-scale quantum computing. The new business will manufacture complete hardware solutions (including quantum processor units/QPUs, cryogenic read-out ICs, and advanced packaging), marking GF’s entry into next-generation high-performance computing.

The initiative is backed by a planned $375 million CHIPS R&D award from the US Department of Commerce, which will also receive an approximate 1% strategic equity stake in GlobalFoundries. This partnership aims to strengthen national security, build supply-chain resilience, and create thousands of American jobs.

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Using GlobalFoundries Inc.’s (NASDAQ:GFS) flexible US footprint and FDX platform, the foundry will transition quantum hardware from lab-scale to industrial production. Major industry partners, including Google Quantum AI, Microsoft, NVIDIA, and various quantum innovators, support the initiative to accelerate scalable quantum deployment.

GlobalFoundries Inc. (NASDAQ:GFS) is a leading multinational semiconductor manufacturer operating as a pure-play foundry, producing chips designed by other companies.

While we acknowledge the potential of GFS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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