On August 7, Wolfspeed Inc. rose 8.3% in regular trading, trading at $30.22/share with turnover of $55.95 million, extending its recent streak of consecutive gains.

On the news front, the company announced a partnership with Lite-On Technology to develop innovative 800V DC power solutions designed to support hyperscale AI data center deployments. The collaboration integrates both companies' deep expertise in power electronics to address surging high-performance computing energy demands. Additionally, Wolfspeed's previously signed memorandum of understanding with GE Aerospace continues to provide upside momentum, covering high-voltage silicon carbide module development for industrial, aerospace, and defense markets, with plans to supply 10-kilovolt SiC MOSFET die for commercial applications including solid-state transformers and industrial electrification systems.

At the industry level, multiple SiC manufacturers have disclosed first-half orders growing several-fold year-over-year, with sustained demand expansion providing fundamental support for the company's outlook.

(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.)