On August 18, Wolfspeed Inc. rose 8.02% in regular trading, trading at $34.44 per share, with turnover of approximately $71.53 million. The rally was primarily driven by heightened market expectations ahead of the upcoming earnings release on August 19, combined with the recent strategic partnership announcement with Liteon Technology.

Wolfspeed recently announced a collaboration with Liteon Technology to deliver 800V DC power solutions leveraging silicon carbide technology for hyperscale AI data center deployments, with potential adoption by multiple cloud service providers. Meanwhile, consensus estimates project quarterly revenue of $224 million, representing 17.04% year-over-year growth, while EBIT is expected to improve by 26.94% year-over-year. Market sentiment has turned optimistic on revenue recovery and the commercialization of AI-related partnerships.

Wolfspeed Inc. is a wide-bandgap semiconductor company specializing in silicon carbide and gallium nitride technologies, with products spanning electric vehicles, charging infrastructure, 5G, renewable energy, and aerospace applications.

(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.)