Wolfspeed Stock Soars 13.32% on US Manufacturing Expansion

On April 29, 2025, Wolfspeed's stock surged by 13.32% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Wolfspeed, a leading silicon carbide chipmaker, has been making substantial investments in expanding its manufacturing capacity for silicon carbide (SiC) in the United States. This strategic move is aimed at meeting the growing demand for SiC, a material known for its superior performance in high-power and high-frequency applications.

The company's aggressive expansion has involved billions of dollars in investments and the accumulation of significant debt. This bold strategy reflects Wolfspeed's commitment to becoming a dominant player in the SiC market, which is crucial for various industries, including electric vehicles, renewable energy, and 5G infrastructure.

Wolfspeed's stock has seen notable volatility, with a short interest of 41% of shares outstanding and 64% of the float. This high level of short interest indicates that a significant portion of the market is betting against the company, which could contribute to the stock's price fluctuations.