Wolfspeed stock surges 19.5% due to short squeeze speculation, despite facing challenges.

From Nasdaq: 2025-04-24 13:30:00

Shares of Wolfspeed (NYSE: WOLF) surged 19.5% in Thursday’s trading, making it the most shorted U.S. stock according to a Wall Street Journal Pro article. Despite a rally, the stock is still down 86.5% over the past year. With high short interest, investors are eyeing a potential short squeeze, leading to increased buying activity. However, the company faces challenges like debt and weak demand for silicon-carbide products in key markets. The possibility of receiving $750 million in funding through the CHIPS Act could provide a boost. The Motley Fool Stock Advisor team has identified 10 top stocks to buy, but Wolfspeed isn’t among them.



Read more at Nasdaq: Why Wolfspeed Stock Is Skyrocketing Today