Wolfspeed Plunges 9.9% Amid Bankruptcy Restructuring

Wolfspeed's stock price plummeted by 9.9% during pre-market trading on July 10, 2025, marking a significant decline after a period of volatility.

Wolfspeed's recent stock performance has been characterized by dramatic fluctuations, with the company's shares experiencing both substantial gains and losses. The company's restructuring efforts, including its Chapter 11 bankruptcy filing, have been a major factor in these movements. Investors have been closely watching the company's progress through bankruptcy, with some hoping that the restructuring will lead to a more stable future for the silicon carbide specialist.

The appointment of Gregor van Issum as the company's next chief financial officer has also played a role in the stock's recent volatility. While some investors see this as a positive development, others remain cautious given the high risk associated with the company's current situation. The potential for short covering and meme-stock momentum to drive further gains in the near term has also been a topic of discussion among investors.

Despite the recent volatility, some investors are still considering Wolfspeed as a potential buying opportunity. However, the outlook for the company's stock remains uncertain, with the restructuring process and the potential dilution of current shareholders' equity posing significant risks. As the company continues to navigate its Chapter 11 bankruptcy and restructuring, investors will be closely monitoring its progress and any developments that could impact its stock price.