On May 29, Wolfspeed fell 8.1% in regular trading, trading at $59.97/share, with trading volume of approximately $137 million.

On the news front, the stock has exhibited a pronounced pattern of sharp rallies followed by sharp pullbacks in recent sessions. After surging consecutively from May 21 through May 26 — including a single-day gain exceeding 13% on May 26 — the stock pulled back approximately 9.7% on May 27, then rebounded over 8% on May 28 as capital flowed back in. The current decline represents another round of concentrated profit-taking as short-term gains remain substantial and holders continue to lock in profits.

Fundamentally, the company reported quarterly revenue of $150.2 million with a net loss of $119.9 million in its latest fiscal quarter. The business remains in a recovery phase with weak forward guidance, providing limited support for the stock price at current levels. While the longer-term AI infrastructure narrative — including institutional endorsements and data center business growth — remains intact, near-term volatility continues as the stock digests its rapid appreciation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)