Why Wolfspeed Stock Is Skyrocketing Today

Shares of Wolfspeed (WOLF 28.28%) are seeing explosive gains in Wednesday's trading. The silicon carbide specialist's share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain for the S&P 500 index and a 2% jump for the Nasdaq Composite index.Wolfspeed is surging today following fundraising news and a CHIPS Act announcement from the company. The stock is also getting a boost from the latest inflation report from the Bureau of Labor Statistics (BLS).Wolfspeed stock surges on funding news ...