Wolfspeed: Down, But Not Out

Introduction The stock of Wolfspeed (NYSE:WOLF), a business that was previously noted for its specialization in RF (Radio-frequency) devices but is now a pure-play silicon carbide materials entity, has experienced a disastrous 12 months; over the past year, when the Nasdaq has been resilient, generating returns of +36%, WOLF has proven to be a source of significant wealth destruction, contracting by 63%. VAL Wolfspeed Inc (WOLF) Total Return -62.65% Invesco QQQ Trust (QQQ) Total Return 36.41% Jan '24 Oct '2 ...