🟢 Wolfspeed is trading 5.3% up today amid a sector-wide rally fueled by ASML's upbeat AI outlook

Wolfspeed is trading 5.3% up today at $36.11 as it benefits from a broad semiconductor sector rally following ASML's positive AI-driven guidance.

• Sentiment across the chip sector is lifting after ASML raised its outlook, helping Wolfspeed continue its rebound from last week's industry selloff.
• The stock is seeing added momentum due to its strategic exposure to silicon carbide (SiC) technology used in electric vehicles and AI data centers.
• Pre-market strength suggests a continuation of the recent rally as investors rotate back into semiconductor growth plays.