Wolfspeed is trading at $28.98, down 6.66%, as continued selling across semiconductor stocks weighs on the sector.
- Semiconductor sector weakness is pressuring Wolfspeed as SOXX falls 4.71%.
- Surging Treasury yields are pressuring high-growth technology valuations; renewed U.S.-Iran tensions and higher oil prices are amplifying inflation concerns.
- Wolfspeed’s fiscal fourth-quarter results are scheduled for 5:00 p.m. ET on August 19, adding event risk.