On May 28, Wolfspeed rose 8.63% in regular trading, trading at $69.05/share, with trading volume of approximately $347 million.

On the news front, the stock rebounded strongly after consecutive sessions of profit-taking pressure earlier in the week. The core bullish thesis remains intact: research firm Citrini Research previously designated Wolfspeed as a key recommended name within the AI infrastructure sector, emphasizing its irreplaceable market position in the silicon carbide high-voltage domain. The company's AI data center application business grew approximately 30% quarter-over-quarter, and the valuation logic for the silicon carbide industry is shifting from electric vehicles toward AI computing high-voltage infrastructure, providing sustained re-rating momentum.

It is worth noting that the company's latest fiscal quarter reported revenue of $150.2 million with a net loss of $119.9 million, indicating fundamentals remain in a recovery phase. SEC filings show Citigroup increased its stake by approximately 1.01 million shares to 6.77%, while Slate Path Capital raised its position to 9.99%, signaling continued institutional accumulation.

(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.)