Why Wolfspeed Stock Is Soaring Today
Shares of Wolfspeed (NYSE: WOLF) are spiking on Wednesday. The chipmaker‘s stock was up 17.2% as of 2:21 p.m. ET, as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.2% and 0.4%, respectively. Wolfspeed’s stock is recovering somewhat today after losing nearly 60% this month. The stock may be getting a…