Wolfspeed Stock Plunges 22% in a Month: What Should You Do Now?

Wolfspeed (WOLF) shares have fallen 22% in the past month, underperforming the broader Zacks Computer and Technology sector’s growth of 3.5% and the Zacks Semiconductor – Discretes industry’s decline of 10%.The underperformance can be attributed to its dismal financial performance in the first quarter of fiscal 2025, as reported on Nov. 6.Wolfspeed recorded revenues of $194.7 million, declining 1.4% from the prior-year period and missing the Zacks Consensus Estimate of $200 million. The non-GAAP gross margi ...