Wolfspeed, Inc. (NYSE:WOLF) shares surged over 24% on Wednesday after research firm Citrini identified the company as its top AI infrastructure pick, citing Wolfspeed’s strategic positioning following its bankruptcy restructuring.
According to media reports, Citrini described Wolfspeed as its “single-stock highlight” in the AI infrastructure space, arguing the company could emerge as a key beneficiary of rising demand tied to AI-driven power and semiconductor infrastructure.
Fiscal Q4 Outlook And Earnings Update
Recently, Wolfspeed reported third-quarter fiscal 2026 results that fell short of Wall Street expectations. The company posted an adjusted loss of $3.26 per share, missing analyst estimates for a loss of $2.02 per share. Revenue came in at $150.2 million, below consensus estimates of $194.8 million.
For the fiscal fourth quarter, Wolfspeed expects revenue between $140 million and $160 million. The company also said operating expenses are expected to remain flat, while gross margins will likely stay negative.
Wolfspeed Technical Analysis
Wolfspeed’s stock has shown impressive long-term performance, up 1475.45% over the past 12 months. Currently, the stock is trading significantly above its moving averages, with the 20-day simple moving average (SMA) at $33.62, indicating that it is 82% above this level. The 50-day SMA is at $24.47, and the stock is 150.1% above this moving average as well.
The Relative Strength Index (RSI) currently sits at 83.24, indicating that the stock is in overbought territory, suggesting a potential pullback may be on the horizon as the stock has moved significantly higher in a short period. This high RSI level indicates that the stock may be stretched, and traders should be cautious of a correction.
Wolfspeed Inc develops and manufactures semiconductor technologies based on silicon carbide (SiC) for power electronics applications. Its product portfolio includes SiC MOSFETs, Schottky diodes, and power modules used in various applications, including electric vehicles and renewable energy.
The company’s focus on silicon carbide technologies positions it well in the growing markets of electric vehicles and renewable energy, making it a key player in the transition to more efficient power solutions. As Wolfspeed continues to innovate and expand its product offerings, its financial performance and market position are likely to strengthen.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $20.00. Recent analyst moves include:
- Piper Sandler: Overweight (Raises forecast to $20.00) (Feb. 5)
- Susquehanna: Neutral (Lowers forecast to $20.00) (Jan. 22)
- Susquehanna: Neutral (Raises forecast to $30.00) (Oct. 22, 2025)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Wolfspeed, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 99.74) — Stock is outperforming the broader market.
The Verdict: Wolfspeed’s Benzinga Edge signal reveals a strong momentum-driven story, indicating that the stock is currently outperforming its peers. This momentum suggests that investor interest remains high, but caution is warranted given the overbought conditions indicated by the RSI.
Wolfspeed Price Action
WOLF Stock Price Activity: Wolfspeed shares were up 24.65% at $66.96 at the time of publication on Wednesday, according to Benzinga Pro data.
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