The semiconductor industry is a great sector to invest in because numerous secular trends are driving demand. Those trends include the growing markets of artificial intelligence, electric vehicles (EVs), and renewable energy such as solar. All of these sectors rely on semiconductor products.Among the semiconductor companies to invest in, two have seen share price declines over the past year, creating buy opportunities. They are Wolfspeed (WOLF -1.83%) and ASML (ASML 1.22%).Wolfspeed's stock is down more tha ...

SAN DIEGO, Jan. 15, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023 and November 6, 2024, both dates inclusive (the "Class Period"), have until this upcoming Friday, January 17, 2025 to seek appointment as lead plaintiff of the Wolfspeed class action lawsuit.  Captioned Zagami v. Wolfspeed, Inc., No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed class action lawsuit charges Wolfspeed as we ...

Wolfspeed (WOLF -3.35%) stock got crushed in 2024 despite a bullish backdrop for the broader market. The silicon-carbide technology specialist's share price fell 84.7% across last year's trading, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index climbed 23.3%, and the Nasdaq Composite index rose 28.6%. Despite a bullish backdrop for the broader semiconductor industry, Wolfspeed stock saw huge selloffs last year as the business continued to post big losses. In addition to mo ...

RADNOR, Pa., Jan. 13, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Wolfspeed, Inc. ("Wolfspeed") (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023, and November 6, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is January 17, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Wolfspeed losses, ...

SAN DIEGO, Jan. 10, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023 and November 6, 2024, inclusive (the "Class Period"), have until Friday, January 17, 2025 to seek appointment as lead plaintiff of the Wolfspeed class action lawsuit. Captioned Zagami v. Wolfspeed, Inc., No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed class action lawsuit charges Wolfspeed as well as certain of Wolfspeed ...

NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Wolfspeed, Inc. (NYSE: WOLF) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), of the important January 17, 2025 lead plaintiff deadline. SO WHAT: If you purchased Wolfspeed securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join ...

RADNOR, Pa., Jan. 09, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of New York against Wolfspeed, Inc. (“Wolfspeed”) (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023, and November 6, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is January 17, 2025 ...

NEW YORK, Jan. 9, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Wolfspeed, Inc. (NYSE: WOLF).Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/wolfspeed-loss-submission-form/?id=121464&from=4CLASS PERIOD: August 16, 2023 to November 6, ...

Market Performance - Shares of Rivian, Wolfspeed, and Navitas Semiconductor fell by 5.7%, 15.2%, and 13% respectively as of 12:25 p.m. ET on Wednesday [1] - Wolfspeed's stock has already declined by 85% over the past year, while Navitas is down 50% over the same period [8][9] Company Overview - Rivian is an emerging electric vehicle (EV) manufacturer [2] - Wolfspeed is a key player in silicon carbide (SiC) wafer production and SiC-based chips, primarily used in EVs [2] - Navitas Semiconductor is a small-cap chip designer specializing in SiC and gallium nitride power chips for EVs, industrial, and consumer electronics [2] Industry Challenges - The EV and power semiconductor sectors are facing weak demand, exacerbated by a large Japanese competitor's layoff announcement [3] - Renesas, a major automotive and industrial chipmaker, announced layoffs of 5% of its workforce, amounting to approximately 1,000 employees, signaling continued weak demand in the sector [4][5] - The prolonged downturn in the semiconductor industry, now lasting almost three years, is unusual given that typical cycles last about one and a half to two years [5] Contributing Factors - Higher-for-longer interest rates, an extended economic downturn in China, and a slowdown in EV adoption in the U.S. and Europe are contributing to the extended industry downturn [6] - Rivian reported a $1.1 billion operating loss in the third quarter despite beating analyst expectations for fourth-quarter deliveries [7] - Wolfspeed is taking on significant debt to build new SiC factories, which could lead to financial trouble if anticipated demand does not materialize [8] - Navitas has seen stagnating revenues and continued operating losses, though it does not face the same debt issues as Wolfspeed [9] Investor Implications - The prolonged downturn in EV and semiconductor stocks has been frustrating for investors, with the Renesas layoff announcement suggesting further delays in recovery [10] - Investors are advised to focus on profitable companies with strong balance sheets that can weather industry weakness and potentially benefit from consolidation [11] - Financially stronger companies in the sector are seen as safer investments compared to higher-risk, higher-upside companies like Rivian, Wolfspeed, and Navitas [12]

Which of these chipmakers is the better buy right now?The rapid expansion of the artificial intelligence (AI) market is generating strong tailwinds for many chipmakers. Nvidia, the leading producer of high-end data center GPUs, has probably been the biggest winner. Its stock has soared by about 2,470% over the past five years.Nvidia continues to have potential as a great long-term investment in the future of the AI market, but investors shouldn't overlook two other chipmakers that are expected to profit fro ...