Why Wolfspeed Stock Plunged 30% in December

Shares of semiconductor company Wolfspeed (WOLF 8.09%) tumbled 30.5% last month, according to data provided by S&P Global Market Intelligence, as investors processed two bits of bad news for the company.The first was a report by Axios highlighting the company's recent struggles with management and attempts to grow its silicon carbide chips business. The second setback came from a law firm suing the company for alleged securities fraud. Losing investor confidence Wolfspeed transitioned to focusing on silicon ...