Market News / Story
Why Is WOLF Stock Surging Over 18% Overnight?
Stocktwits ·
Stocktwits reports: Wolfspeed Inc. (WOLF) stock surged more than 18% overnight late Wednesday after the U.S. Department of War’s Office of Strategic Capital (OSC) announced a conditional $1.5 billion loan commitment. The proposed financing aims to expand domestic production of silicon carbide (SiC) and gallium nitride (GaN) technologies, strengthening Wolfspeed’s role in critical defense, AI, and semiconductor supply chains. Wolfspeed stock has been gaining for two straight months. However,…