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But as a result, the semiconductor giant forecasts fiscal Q3 revenue to come in between $170 million to $200 million. This would be a drop from the prior year's sales of $201 million.
A lot can happen in a year. Just look at semiconductor specialist Wolfspeed (NYSE: WOLF).Last December, its stock reached a 52-week high of $47.43. Last month, the shares hit a low of $6.10.
Wolfspeed (NYSE: WOLF) hasn't quite delivered on the power and speed its company name might suggest. Shares of the semiconductor and silicon carbide technologies innovator fell by a dramatic 85% ...
Wolfspeed (NYSE: WOLF) stock is seeing big sell-offs in Friday's trading. The silicon carbide specialist's share price was down 12.8% as of noon ET. Meanwhile, the S&P 500 index was down 1.8%, and ...
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Shares of Wolfspeed (NYSE: WOLF) are seeing explosive gains in Wednesday's trading. The silicon carbide specialist's share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain ...
Wolfspeed (NYSE: WOLF) stock is seeing big sell-offs in Tuesday's trading. The company's share price was down 8.8% as of 2:30 p.m. ET and had been off as much as 11.2% earlier in the day's trading
The strong forecast suggests that the company is on track to meet or exceed its production and revenue targets at its Mohawk Valley plant in New York that Wolfspeed has been banking on to bolster ...