Oct 06, 2026

Xanadu (XNDU) Stock: Jumps 11% on GlobalFoundries Quantum Deal

TLDR XNDU stock jumps 11.28% after Xanadu unveils a GlobalFoundries partnership. GlobalFoundries will support Xanadu’s 300 mm photonic component production. The deal targets silicon nitride photonics and advanced photon detector production. Xanadu aims to shift quantum hardware from lab testing toward industrial production. The partnership supports future fault-tolerant systems and quantum data centers. Xanadu Quantum [...]

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