🟢 Wolfspeed, Inc. is trading 16% up today on new AI data center power solutions team

Wolfspeed, Inc. is trading 16% up today at $61.39 after announcing a new Silicon Valley data center power solutions team focused on AI growth.

• The new team is designed to drive closer collaboration with hyperscalers and original design manufacturers (ODMs).
• This strategic move positions the company more directly in the fast-growing AI data center power market.
• Today’s strong gain suggests investors are welcoming the expansion despite recent market volatility.