Wolfspeed is trading 5.5% up at $25.10 in pre-market, extending a sharp two-day rebound driven by a broader rally in the semiconductor and AI sectors.
- The stock is benefiting from positive sentiment following strong tech earnings and easing concerns regarding global AI infrastructure spending.
- The move follows a period of sector-wide weakness, with Wolfspeed participating in the wider chip industry's upward momentum despite a lack of company-specific news.