10 Stocks Turning Heads With Double-Digit Returns

8. Globalfoundries Inc. (NASDAQ:GFS)

Globalfoundries jumped to an over one-year high on Wednesday, as investors gobbled up shares after the company swung to profitability last year, marking a 439 percent improvement year-on-year.

In an earnings call, Globalfoundries Inc. (NASDAQ:GFS) said that it swung to a net income of $888 million in 2025 from a $262 million net loss in 2024. This came despite a mere 1 percent uptick in net revenues at $6.79 billion from $6.75 billion year-on-year.

In the fourth quarter alone, net income stood at $200 million, reversing a $729 million net loss in the same quarter a year earlier. Revenues, however, were flat at $1.83 billion.

Following the results, Globalfoundries Inc. (NASDAQ:GFS) saw its intra-day share price on Wednesday jump to as much as $48.88 before trimming a few cents to finish the session just up by 16.32 percent at $48.74 apiece.

In other news, Globalfoundries Inc. (NASDAQ:GFS) announced plans to buy back $500 million worth of its common shares in a bid to boost shareholder value.

The buyback may be implemented from time to time, through open market purchases and privately negotiated transactions, among others.

The initiative will run for a period of 12 months and may be modified, suspended, or terminated at anytime.