Wolfspeed Stock Just Hit a Wall After Its AI Surge. The Risk Traders Can’t Ignore
Wolfspeed Inc. shares plunged 14.3% to $63.00 Wednesday as the recent AI power-chip rally lost steam. The company posted a fiscal Q3 net loss of $119.9 million on $150.2 million revenue and reported $1.2 billion in liquidity. The iShares Semiconductor ETF slipped 1.1%. Wolfspeed emerged from Chapter 11 last year after cutting debt by nearly 70%.