Wolfspeed, Inc. is trading 7.4% up today at $66.25 as a bullish analyst note highlights the company's strategic pivot toward AI-focused data center power solutions.
- The move extends a powerful three-day rebound driven by optimism surrounding 300mm silicon carbide technology, which is seen as critical for next-generation AI clusters.
- Momentum traders appear to be adding to positions despite already elevated gains this week, following a period of heavy selling in late May.