Why Wolfspeed Stock Is Jumping Today

Wolfspeed (WOLF 2.86%) stock is gaining ground in Monday's trading. The company's share price was up 4.1% as of 2:45 p.m. ET and had been up as much as 12.4% earlier in the daily session. Meanwhile, the S&P 500 index had climbed 0.5%, and the Nasdaq Composite index was up 0.1%.The broader market is rallying today, and the semiconductor industry is seeing particularly strong bullish momentum thanks to Foxconn's recent quarterly report. Wolfspeed stock is also getting a boost from excitement surrounding the c ...