Wolfspeed, Inc. shares rise 2.61% premarket as SoFi Technologies' public offering and positive earnings reports boost market sentiment.

Wolfspeed, Inc. rose 2.61% in premarket trading. The company's stock price movement aligns with the recent news that SoFi Technologies, Inc. announced a public offering of $1.5 billion of shares of its common stock, which could have influenced investor sentiment positively. Additionally, SoFi Technologies reported beating Q2 revenue estimates and raising its FY forecast, which may have contributed to the overall bullish sentiment in the market.