Movement Alert｜Wolfspeed Inc. Rises 8.3% in Regular Trading, Partnership with Lite-On Technology on 800V DC Power Solutions Boosts AI Data Center Momentum

Market Focus08-07 22:01

On August 7, Wolfspeed Inc. rose 8.3% in regular trading, trading at $30.22/share with turnover of $55.95 million, extending its recent streak of consecutive gains.

On the news front, the company announced a partnership with Lite-On Technology to develop innovative 800V DC power solutions designed to support hyperscale AI data center deployments. The collaboration integrates both companies' deep expertise in power electronics to address surging high-performance computing energy demands. Additionally, Wolfspeed's previously signed memorandum of understanding with GE Aerospace continues to provide upside momentum, covering high-voltage silicon carbide module development for industrial, aerospace, and defense markets, with plans to supply 10-kilovolt SiC MOSFET die for commercial applications including solid-state transformers and industrial electrification systems.

At the industry level, multiple SiC manufacturers have disclosed first-half orders growing several-fold year-over-year, with sustained demand expansion providing fundamental support for the company's outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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