Wolfspeed Plunges 27.7% on Lowered Revenue Projections

On March 28, 2025, Wolfspeed's stock price experienced a significant drop of 27.7% in pre-market trading.

Wolfspeed's recent stock price decline is primarily attributed to revised revenue projections, which were lowered due to weaker-than-anticipated demand. This adjustment has led to a substantial decrease in investor confidence, resulting in the stock's sharp decline.

The company's performance has been closely watched by analysts, who have noted the impact of market dynamics on Wolfspeed's financial outlook. The revised projections suggest that the company may face challenges in meeting its previous growth targets, which has contributed to the negative sentiment surrounding the stock.

Despite the current setbacks, Wolfspeed remains focused on its long-term strategic goals. The company continues to invest in research and development to enhance its product offerings and improve operational efficiency. These efforts are aimed at positioning Wolfspeed for future growth and stability in the market.