The stock rose 7% to $14.46 in after-hours traning Wednesday. Shares ended the regular session up 2.6% at $13.51, putting them down 69% since the beginning of the year.
The stock rose 7% to $14.46 in after-hours traning Wednesday. Shares ended the regular session up 2.6% at $13.51, putting them down 69% since the beginning of the year.
Wolfspeed Inc. shares surged nearly 13% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.
Wolfspeed shares dropped after the chip company said its next loss would be wider than expected.
Wolfspeed WOLF +2.07% stock was surging Wednesday after the chip company announced a 10-year deal to supply Tokyo-based semiconductor maker Renesas Electronics RNECY +2.66% with silicon carbide bare and epitaxial wafers.