Wolfspeed Stock Soars 18.13% on Meme-Trade Surge, Tech Partnership

On July 24, 2025, Wolfspeed's stock price surged by 18.13% in pre-market trading, marking a significant rally for the company's shares.

This surge in Wolfspeed's stock price can be largely attributed to the recent uptick in popularity for meme-stock trades. Speculative trading has played a significant role in driving the stock's price higher, as investors flock to the company's shares in anticipation of further gains.

Additionally, Wolfspeed's strategic partnership with a top tech firm to boost product innovation and market expansion has also contributed to the positive sentiment surrounding the stock. This partnership aims to drive revenue growth and enhance the company's competitive position in the semiconductor industry.

Despite the recent decline in Wolfspeed's stock price, the company's long-term prospects remain promising. With a strong focus on innovation and strategic partnerships, Wolfspeed is well-positioned to capitalize on the growing demand for semiconductor technology.