8-K filing — WOLFSPEED, INC. (WOLF)

Strength Seen in Wolfspeed, Inc. (WOLF): Can Its 13.2% Jump Turn into More Strength?

Wolfspeed shares surged 13.2% to $35.28, driven by optimism over Power Product sales growth in industrial and emerging AI/data center applications, plus the launch of fifth-generation SiC MOSFET. However, the company faces headwinds with expected quarterly losses of $1.99 per share and revenues declining 23.8% year-over-year. Earnings estimate revisions have declined 10.2% over the past month, suggesting the recent rally may not sustain.

Shares of semiconductor and chip companies are trading higher amid broader technology sector gains after Broadcom's plans to finance up to $60 billion to provide chips for Anthropic. Also, reports suggesting Samsung may raise HBM prices threefold in 2027 underpins demand and pricing power confidence across the sector.

Applied Digital, Bitdeer Technologies, ON Semiconductor And Other Big Stocks Moving Higher On Friday

U.S. stocks rose Friday; Applied Digital jumped 9.8% after adding 75 MW of AI capacity, while numerous tech stocks posted gains.

Wolfspeed's Busy Week: A New Substrate Launch, a Sector-Wide Rally

Wolfspeed had a busy week marked by a silicon carbide portfolio expansion and a semiconductor rally fueled by Micron's strong earnings.