On June 8, Wolfspeed rose 18.8% in pre-market trading, trading at $63.73/share, with trading volume of $10.68 million.

On the news front, the stock has exhibited a pronounced sharp-rise-sharp-fall pattern in recent sessions. After consecutive pullbacks on June 4 and June 5 — with declines exceeding 8% and 9% respectively — capital aggressively flowed back in, forming a technical rebound. Meanwhile, institutional investors including Citigroup and Slate Path Capital have recently increased their positions, providing multi-factor support for the rebound. Additionally, research firm Citrini Research has listed the company as a key recommendation in the AI infrastructure sector, highlighting its irreplaceable market position in high-voltage silicon carbide applications, with AI data center business growing approximately 30% quarter-over-quarter.

It should be noted that the company previously completed Chapter 11 bankruptcy restructuring. Its most recent quarterly results showed revenue of $150.2 million and a net loss of $119.9 million, indicating fundamentals remain in a recovery phase with relatively weak forward guidance.

(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.)