Wolfspeed Inc.'s stock price surged 5.13% in recent trading. The power-chip maker's shares have shown significant strength following a notable analyst endorsement.
The movement is attributed to a recommendation from Citrini Research, which highlighted Wolfspeed as a stock positioned to benefit from the artificial intelligence boom. Analysts pointed to the company's power semiconductors, which are crucial for managing the soaring energy demands of AI data centers.
Citrini's analysis suggests Wolfspeed is a key player in the infrastructure needed to support expanding AI capabilities. The firm emerged from Chapter 11 bankruptcy protection in late 2025, and its financial restructuring has been viewed positively by the market alongside this renewed focus on high-growth technology sectors.
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