Wolfspeed Shares Rise After Citrini Report on AI Space
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Wolfspeed (WOLF) shares surged over 17% following a report from Citrini Research emphasizing the company's potential in the AI sector. Citrini described Wolfspeed as "a crouching tiger getting ready to reveal a dragon," suggesting its stock should be valued beyond theoretical fab replacement. The semiconductor firm recently emerged from Chapter 11 protection after completing financial restructuring. In May, it reported a fiscal Q3 net loss of $119.9 million on revenues of $150.2 million. Current price: $64.21, with a change of +10.49 (+19.52%).
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