🟢 Wolfspeed, Inc. is trading 6.3% up today, extending a sharp two-day rebound on GE Aerospace partnership and Gen 5 SiC MOSFETs for AI and aerospace markets

Wolfspeed, Inc. is trading 6.3% up at $51.75, extending a sharp two-day rebound driven by: - A recent Memorandum of Understanding with GE Aerospace to co-develop high-voltage silicon carbide power modules for industrial, AI, aerospace, and defense sectors. - The unveiling of its fifth-generation silicon carbide (SiC) MOSFETs, promising significant efficiency gains for high-voltage automotive, industrial, and AI data center applications. - Heightened investor optimism surrounding the company's strategic pivot and technological advancements in critical growth markets like AI and electrification.