Wolfspeed (NYSE:WOLF) Shares Plummet 59% After Confirming US$270-295 Million Net Loss
Wolfspeed (NYSE:WOLF) faced a significant challenge last month, with its share price plunging 58%. This remarkable decline can be linked to reaffirmed guidance projecting a GAAP net loss of $270 million to $295 million, indicating possible investor concerns about Wolfspeed's financial health. Additionally, while the broader market faced modest declines amid escalating tariff concerns, which affected technology stocks in particular, Wolfspeed’s executive change announcements might have added...