Wolfspeed, Inc. is trading 2.2% up at $62.40 as the stock extends a sharp rebound following the company's strategic pivot toward AI data center power solutions.
- Shares are seeing strong follow-through buying after yesterday's 15%+ surge, triggered by the announcement of a new Silicon Valley-based team dedicated to AI-related power growth.
- The rally highlights intense investor interest in AI infrastructure and data center power plays, with the stock outperforming a slightly weaker broader market backdrop.