Movement Alert｜Wolfspeed Rises 8.48% in Regular Trading, AI Data Center Business Highlights and Wide-Bandgap Semiconductor Demand Expectations Continue to Drive Rebound

Market Focus05-11

On May 11, Wolfspeed Inc. rose 8.48% in regular trading, trading at $49.48/share, with trading volume of approximately $41.28 million.

On the news front, the stock continues its multi-day rebound fueled by optimism around the company's AI data center business and growing demand expectations for wide-bandgap semiconductors. The latest quarterly earnings revealed AI data center-related revenue highlights that have supported renewed investor interest. This rally follows a sharp sell-off earlier in May after Q3 results significantly missed estimates, with adjusted EPS of $(3.26) versus the $(2.02) consensus and revenue of $150.2 million versus the $194.8 million estimate—a 62% EPS miss. Weak Q4 guidance featuring negative gross margins initially triggered heavy profit-taking. However, the market has since refocused on the long-term growth narrative tied to silicon carbide demand in AI infrastructure, driving consecutive sessions of recovery.

Within the Semiconductors sector, the overall tone is positive. Among individual stocks, Qualcomm up 9.76%, Micron Technology up 5.29%, Intel up 2.94%, NVIDIA up 1.40%, Advanced Micro Devices up 0.58%.

(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.)

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