Wolfspeed shares rally after chipmaker exits Chapter 11 bankruptcy

Core Viewpoint - Wolfspeed shares experienced a surge of over 25% following the company's successful emergence from Chapter 11 bankruptcy, significantly reducing its debt burden [1] Company Summary - Wolfspeed is a chipmaker that has recently completed a Chapter 11 bankruptcy process [1] - The company has emerged with a substantially reduced debt load, which is a key factor contributing to the increase in its stock price [1]