Why Wolfspeed Rocketed 20% Higher Today
WOLFWolfspeed(WOLF) The Motley Fool·2024-10-12 04:25

The beaten-down silicon carbide stock rallied as a sell-side analyst became upbeat on customer wins. Shares of beleaguered chipmaker Wolfspeed (WOLF 20.84%) rocketed 20% higher on Friday as of 3:54 p.m. EDT. Wolfspeed, which had seen its stock crash 93% off its 2021 highs, was perhaps due for a bounce on any good news. And some good news came today on the back of positive sell-side analyst commentary and hopes for new customer wins. Roth/MKM thinks Wolfspeed is landing new customers In a note today, sell-si ...