Wolfspeed

Wolfspeed: Bollinger Bands Narrowing, KDJ Death Cross on 15-Minute Chart

Wolfspeed's Q2 Earnings Miss and AI Pivot: A Shift in Investment Narrative

Piper Sandler Raises Wolfspeed PT to $20 from $6, Reiterates Overweight Rating

Wolfspeed's 15min chart triggered MACD Death Cross, KDJ Death Cross warning

Wolfspeed Sees $140M-$160M Q3 Revenue, Driven by AI Data Center Growth Amid EV Slowdown

Catalyst<ul> <li>Strong bullish signals from the Bearish Engulfing pattern on February 28 indicate potential short-term upward momentum for WOLF.</li></ul>Risk<ul> <li>Bearish signals are clearly dominant with three bearish versus one bullish technical signal, suggesting downward pressure on WOLF.</li> <li>Market expectations for WOLF are pessimistic with analyst ratings split between Buy and Neutral, showing lack of consensus.</li></ul>

Key Factors

Wolfspeed emerged from Chapter 11 bankruptcy in September 2025 with $1.3 billion in cash and short-term investments.Wolfspeed reported Q2 FY26 AI datacenter revenue increased 50% quarter-over-quarter.Wolfspeed reduced operating expenses by $200 million and cut capital expenditures by 90% year-over-year.Wolfspeed expects Q3 revenue between $140M and $160M driven by AI data center growth amid EV market softness.Piper Sandler raised Wolfspeed’s price target to $20 from $6 and reiterated an overweight rating.

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