Chipmaker Wolfspeed's shares plunge over 45% to 27-year low
Wolfspeed's shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed a new CEO amid its struggles to improve its financial position.
Wolfspeed names chip industry veteran Robert Feurle as CEO
Chipmaker Wolfspeed said on Thursday it appointed industry veteran Robert Feurle as its CEO, months after its board ousted former top boss Gregg Lowe.
Wolfspeed Names Robert Feurle Chief Executive
Wolfspeed has hired Robert Feurle as the electric-vehicle chip maker's new chief executive, effective May 1.
Wolfspeed Stock Analysis: Buy, Sell, or Hold?
Wolfspeed (WOLF -2.48%) is yet another company feeling the impacts of the slower-than-expected expansion of the EV industry.
Wolfspeed Slides 7% YTD: How Should You Approach the Stock Now?
WOLF suffers from softness in the industrial and energy markets, as well as widening losses and a cautious outlook.
Better Artificial Intelligence Stock: Wolfspeed vs. IonQ
Wolfspeed (WOLF -3.91%) and IonQ (IONQ -16.77%) aren't generally considered artificial intelligence (AI) stocks. Wolfspeed is a leading manufacturer of silicon carbide (SiC) chips, which are often associated with electric vehicle (EV) powertrains.
Is Wolfspeed Stock a Buy?
Wolfspeed (WOLF -8.56%), a producer of silicon carbide (SiC) chips, was once a red-hot semiconductor stock. Its shares surged to a record high of $141.87 on Nov. 16, 2021, clocking in a near-470% gain over the previous five years.
Elliott Investment Management Buys Wolfspeed Stock, Bets Against Nvidia In Q4
Elliott Investment Management made several portfolio moves in the fourth quarter, closing multiple options positions and shaking up the activist firm's technology exposure.
Why Electric Vehicle Stocks Rivian, Wolfspeed, and Indie Semiconductor Rallied Today
Shares of electric vehicle (EV) stocks were on the rise Thursday, including Rivian (RIVN 5.93%) and EV-related power chipmakers Wolfspeed (WOLF 16.56%) and Indie Semiconductor (INDI 5.65%). These stocks were up 5.7%, 14.9%, and 5.1%, respectively, as of 1:30 p.m.
Is Wolfspeed Stock a Buy Now?
Semiconductor stocks are a hot area to invest in thanks to the emergence of new industries, such as electric vehicles (EVs), renewable energy, and artificial intelligence. Consequently, many of these stocks experienced skyrocketing share prices, making it hard to find bargains in this sector.
Should You Buy, Sell or Hold Wolfspeed Stock Post Q2 Earnings?
WOLF benefits from strong EV demand, key partnerships, and Gen 4 tech amid challenges in industrial markets and factory underutilization.
Wolfspeed: Big Plans Still Intact
Wolfspeed remains poised for strong growth in the EV ecosystem despite short-term struggles and a CEO transition with a viable path to profitability. The company reported mixed FQ2 results, with revenues down 13% YoY, but maintains a massive $30 billion order book and strong future prospects. Wolfspeed's limited future capital requirements and significant cost cuts position it for EBITDA positivity at $1 billion in sales, reducing financial survivability fears.
