WOLF / Semiconductor maker Wolfspeed rallies following better-than-expected losses

Wolfspeed's shares surged after a better-than-expected Q1 earnings report with soft sales but also limited bottom-line losses. The stock had been down more_horizontal

Shares of American chipmaker Wolfspeed (WOLF) are skyrocketing Tuesday morning after reporting fiscal first-quarter earnings for 2024, citing four per more_horizontal

Wolfspeed Inc is set to surge more than 15% when US markets open on Tuesday after the Nasdaq-listed semiconductor designer and manufacturer outperfor more_horizontal

Wolfspeed (WOLF) closed the most recent trading day at $33.28, moving -1.25% from the previous trading session. more_horizontal

Wolfspeed, the global leader in silicon carbide semiconductors, is poised for super-charged growth due to SiC's superior characteristics over silicon. more_horizontal

The chipmaker's earnings report had a lot of noise and tepid revenue growth. Future design-ins and customer pre-payments show confidence in its future more_horizontal

Wolfspeed is jettisoning one of its business units. It will receive a total of approximately $125 million in cash and stock in exchange. more_horizontal

Wolfspeed touted its ambitious plans to supply the economy with power-efficient silicon carbide chips. Wolfspeed's plan was always risky since buildin more_horizontal