Wolfspeed, Inc. (NYSE: WOLF) Faces Financial Challenges Despite Growth in AI Data Center Revenue

Significant earnings per share (EPS) miss: WOLF reported an EPS of -$6.11, far below the estimated -$0.73.Growth in AI data center revenue: Despite overall financial challenges, WOLF experienced a 50% quarter-over-quarter growth in this segment.Financial restructuring: With $700 million in Section 48D cash tax refunds, WOLF used $175 million to retire long-term debt, strengthening its capital structure.Wolfspeed, Inc. (NYSE:WOLF) is a key player in the semiconductor industry, specializing in silicon carbide ...