Wolfspeed is trading 8.6% up today at $26.59, extending a multi-day rebound fueled by speculative bullish interest and broader market tailwinds.
- Unusually heavy call option trading on August 3 signaled strong speculative interest in the stock, providing a significant catalyst for the current upward move.
- The stock is benefiting from a sharp rally across the semiconductor sector as improving chip demand and AI-related sentiment lift industry peers and major indices.