Wolfspeed: Meme Stock or Turnaround in the Making? Does This $700 Million Refund Change Anything?

Does Wolfspeed's CHIPS Act funding win position the stock for a big rally?Wolfspeed (WOLF +4.02%) shareholders have gotten some good news recently. The company has now received its nearly $700 million in tax refunds from the CHIPS Act, and its stock is now up roughly 12% following the news.Wolfspeed emerged from bankruptcy protections and completed a corporate restructuring earlier this year, and the company continues to have a base support among some meme-stock investors. Is the silicon-carbide (SiC) speci ...