Wolfspeed Plunges 37.75% on Weak Demand, Revised Revenue

On March 28, 2025, Wolfspeed's stock price experienced a significant drop of 37.75% in pre-market trading, raising concerns among investors about the company's future prospects.

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, as the company's financial outlook appears less promising than previously expected.

The revised revenue projections suggest that Wolfspeed may face challenges in meeting its growth targets, which could impact its ability to maintain its market position. Investors are closely monitoring the situation to assess the potential long-term effects on the company's performance and stock price.