From Yahoo Finance: 2025-05-02 13:46:00

Shares of Wolfspeed (NYSE: WOLF) surged 23% on Friday, reaching 35% above last week’s close. The stock rally is attributed to nervous bears and potential changes in management. Wolfspeed specializes in silicon carbide for industrial use, facing high debt and short-selling pressure. The CFO stepping down signals a potential shift in the company’s financial strategy. Despite the volatility, Wolfspeed remains a long-term investment prospect, with the global silicon carbide market expected to grow significantly.



Read more at Yahoo Finance: Here’s Why Wolfspeed Stock Is Soaring Today