On May 26, Wolfspeed rose 8.74% overnight, trading at $73.46/share, with trading volume of approximately $778,500.

On the news front, research institution Citrini Research previously published a report listing the company as a key recommended target in the AI infrastructure sector, emphasizing its irreplaceable market position in silicon carbide high-voltage applications. The bullish sentiment continued to ferment, driving sustained upward momentum.

The company's AI data center application business grew approximately 30% quarter-over-quarter, as the silicon carbide industry's valuation logic shifts from new energy vehicles toward AI computing high-voltage infrastructure. Multiple positive catalysts resonated to propel the stock's continuation of its recent strong rebound trajectory. Additionally, SEC filings previously revealed 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 institutional accumulation signals that further bolstered market confidence in the stock.

(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.)