Wolfspeed Inc. (WOLF) experienced a significant overnight surge of 9.03%, continuing its recent strong upward trajectory.

The movement follows a bullish research report from Citrini Research, which listed the company as a key recommended target in the AI infrastructure sector. The report emphasized Wolfspeed's irreplaceable market position in silicon carbide high-voltage applications, with its AI data center application business reportedly growing approximately 30% quarter-over-quarter. The silicon carbide industry's valuation logic is seen shifting from new energy vehicles toward AI computing high-voltage infrastructure, creating multiple positive catalysts.

Further bolstering market confidence, recent SEC filings revealed significant institutional accumulation. Citigroup increased its holdings by approximately 1.0119 million shares to a 6.77% stake, while Slate Path Capital raised its position to 9.99%, sending clear signals of institutional support for the stock's strategic positioning.