Why Wolfspeed Stock Is Soaring Today
Wolfspeed(WOLF) The Motley Fool·2024-12-02 18:52Could Wolfspeed become one of the next hot meme stocks?Wolfpseed (WOLF 12.53%) stock is making big gains again in Monday's trading. The chip specialist's share price was up 14.4% as of 1:30 p.m. ET. Meanwhile, the S&P 500 index was up 0.2%, and the Nasdaq Composite index was up 0.9%.While there isn't any business-specific news pushing Wolfspeed stock higher today, the company's valuation is climbing in conjunction with meme-stock momentum and a bullish backdrop for the broader market. The company's share pr ...