Wolfspeed Shares Swing Wildly Following Key Product Launch

Wolfspeed Inc. experienced a period of intense stock market turbulence this week, with its share price whipsawing between steep losses and a powerful recovery. The dramatic moves highlight a market deeply divided over the company’s prospects, torn between the long-term potential of its newest technology and the immediate financial risks surrounding its impending exit from bankruptcy proceedings.

The trading action this week presented a study in contrasts. On Tuesday, Wolfspeed’s equity plummeted by 16.55%. This sell-off occurred immediately after the company announced the full commercial launch of its 200mm silicon carbide wafers. Despite this introduction representing a significant strategic achievement for the semiconductor firm, investor attention was initially captured by concerns over high production expenditures and the challenge of converting... Read more...