Prediction: 1 Stock That Will Be Worth More Than Wolfspeed 1 Year From Now
2025-01-28 05:30:00 ET
Wolfspeed (NYSE: WOLF) was once a red-hot chip stock. The company had established an early-mover advantage in silicon carbide chips, which can operate at higher voltages, temperatures, and frequencies than traditional silicon chips. That resilience makes them well-suited for a broad range of 5G, military, green energy, and EV technologies.
But over the past two years, Wolfspeed's stock price plunged more than 90%. The bulls retreated as rising interest rates throttled the growth of the green energy and EV markets while making it more expensive for the chipmaker to expand its plants. The tech war also drove the U.S. to sanction Chinese silicon carbide devices and China to ban exports of gallium and germanium, which are used in producing such chips.
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NASDAQ: WOLF
WOLF Trading
-6.43% G/L:
$63.99 Last:
7,085,500 Volume:
$62.80 Open:
