Wolfspeed Stock Just Hit a Wall After Its AI Surge. The Risk Traders Can’t Ignore
Wolfspeed Inc. shares fell hard on Wednesday, sliding 14.3% to $63.00 as a fast-moving AI power-chip rally cooled. The stock swung between $56.55 and $78.00, while the iShares Semiconductor ETF, a listed fund that trades like a stock and holds chip shares, fell about 1.1%; broader tech was nearly flat.
