On Monday, Wolfspeed Inc. (WOLF.US) shares skyrocketed over 1130% with trading halted multiple times during the session. As of press time, the stock was trading at $14.97. The semiconductor sector posted broad gains today following reports that the Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips contained in each device, aimed at encouraging companies to shift production to the United States. Under the proposed plan, the U.S. Commerce Department would impose tariffs equivalent to a certain percentage of the estimated value of chip content in imported products. If implemented, this initiative would signal the Trump administration's attempt to influence a wide range of consumer products, from toothbrushes to laptops.
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US Stock Alert | Wolfspeed Inc. (WOLF.US) Surges Over 1130%, Trading Halted Multiple Times
Stock News09-30
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