business
Wolfspeed stock soars 20% after Citrini research highlights the chipmaker's potential
Key takeaways
- The stock is on pace to extend gains for a seventh consecutive session.
- What else you need to know: Shares of the maker of silicon carbide semiconductors, prized for energy efficiency, have been on a tear this year, surging more than 180%.
- The company exited Chapter 11 bankruptcy last September, reducing the debt on its balance sheet by approximately 70%.
Wolfspeed stock soars 20% after Citrini research highlights the chipmaker's potential Ines Ferré · Senior Business Reporter Wed, May 13, 2026 at 7:24 PM GMT+7 1 min read WOLF What happened: Wolfspeed stock (WOLF) stock jumped more than 20% in premarket trading on Wednesday.
What’s behind the move: Shares of the chipmaker soared after thematic research firm Citrini recommended the stock, highlighting it as “a crouching tiger getting ready to reveal a dragon that deserves to not just be priced based on what their fab’s replacement value theoretically is, but reflect the fact that it’s not going to be replaced."
The stock is on pace to extend gains for a seventh consecutive session.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop