On August 19, Wolfspeed Inc. fell 8.01% in regular trading, trading at approximately $28.71 per share, with turnover of $32.82 million.
On the news front, independent research firm SemiAnalysis published a report indicating that NVIDIA's native 800V DC power solution will not see mass adoption until after 2028, marking a significant shift in the high-voltage DC roadmap. Wolfspeed had just announced a strategic partnership with Liteon Technology in early August to deploy SiC-based 800V DC power solutions targeting hyperscale AI data centers. The delayed roadmap directly undermines market optimism regarding near-term commercial deployment and revenue realization from this collaboration.
Adding to selling pressure, the company is scheduled to release earnings after market close today, with consensus estimates projecting an adjusted loss per share of -$2.45, representing a year-over-year widening. Revenue is expected at $224 million, up 17.04% year-over-year. The combination of weakened near-term demand visibility and earnings uncertainty intensified intraday selling.
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