Reported about 8 hours ago
Wolfspeed, formerly known as Cree, has faced significant challenges, including a 98% drop in stock value since its rebranding in 2021 and a Chapter 11 bankruptcy filing in June 2025 due to mounting losses and heavy debt. Despite its ambition to lead in silicon carbide semiconductor manufacturing for electric vehicles and AI applications, the company's financial distress suggests that potential investors should reconsider buying shares until after its restructuring process concludes.
Source: YAHOO