Stocks and Investing Stocks and Investing
Tue, December 3, 2024
[ 09:31 AM ] - United States, Thomas Matters
SBI MF launches Quant fund based on four factors
[ 09:31 AM ] - United States, Thomas Matters
XLI: Industrials Sector Continues Its Quiet Leadership
[ 09:31 AM ] - United States, Thomas Matters
Stock Splits Matter: Here's What's Coming in December
[ 09:01 AM ] - United States, Thomas Matters
Bitcoin Spiked After Trump Election Win. These 4 Crypto Stocks Are Doing Even Better.
[ 09:01 AM ] - United States, Thomas Matters
Got $1,000? 2 Top Growth Stocks to Buy Now
[ 08:01 AM ] - United States, Thomas Matters
Broker vs. Market Maker: What's the Difference?
[ 07:31 AM ] - United States, Thomas Matters
Bitcoin Price Today Trades at $95K, US Moves Nearly $2B BTC
[ 07:01 AM ] - United States, Thomas Matters
The Stock Market Is Around All-Time Highs: Is It Time to Sell?
[ 07:01 AM ] - United States, Thomas Matters
Billionaire Philippe Laffont Is Dumping Shares of .. dia and AMD in Favor of a Tasty Stock-Split Stock
[ 06:31 AM ] - United States, Thomas Matters
Here's Why Sony (SONY) is a Strong Value Stock
[ 06:31 AM ] - United States, Thomas Matters
Vitasoy International: Turning Bullish On Margin Expansion And Shareholder Stake Increase
[ 06:01 AM ] - United States, Thomas Matters
Japan's Investment Landscape: Opportunities Amid Transformation
[ 05:31 AM ] - United States, Thomas Matters
Why NuScale Power Stock Slumped Today
[ 05:31 AM ] - United States, Thomas Matters
Stock market today: Rising tech stocks pull Wall Street to another record
[ 05:01 AM ] - United States, Thomas Matters
This Vanguard ETF Is Up 32% in 2024. Here's Why I .. nt Alphabet, Meta Platforms, Netflix, and Disney.
[ 04:31 AM ] - United States, Thomas Matters
The Stock Market Has Done This Just 10 Times in 30 Years, and It May Signal a Big Move in 2025
[ 04:31 AM ] - United States, Thomas Matters
Robinhood Is Taking on Charles Schwab and Fidelity. What It Means for the Stock.
[ 04:31 AM ] - United States, Thomas Matters
What is Cryptocurrency and How Does it Work?
[ 03:01 AM ] - United States, Thomas Matters
A 7% dividend yield but down 16%! Is this mining giant a no-brainer?
[ 01:31 AM ] - United States, Thomas Matters
Lululemon Athletica: Strong Growth Prospects Driven by Chinese Market and E-commerce Expansion
[ 01:01 AM ] - United States, Thomas Matters
Jeff Bezos is betting millions on a Nvidia rival
[ 12:31 AM ] - United States, Thomas Matters
An active 'ethical' MF scheme comes to market aft .. ears. Chirag Mehta of Quantum MF explains trigger
[ 12:01 AM ] - United States, Thomas Matters
Top 10 mutual funds to invest in December 2024
[ 12:01 AM ] - United States, Thomas Matters
2 fantastic ASX growth stocks to buy and hold for 10 years
Mon, December 2, 2024
[ 11:31 PM ] - United States, Thomas Matters
What is an IPO?
[ 11:31 PM ] - United States, Thomas Matters
Boeing: Selling $83 Billion Of Inventories Is Essential To A Stronger Buy
[ 11:31 PM ] - United States, Thomas Matters
Hedge funds profit from 'Trump trades' around US election
[ 10:31 PM ] - United States, Thomas Matters
Thesis Gold Upsizes Previously-Announced Private Placement To $10 Million
[ 10:01 PM ] - United States, Thomas Matters
Buying ASX 200 dividend stocks? Here's what to expect in 2025
[ 09:31 PM ] - United States, Thomas Matters
Why Wolfspeed Stock Is Soaring Today

Why Wolfspeed Stock Is Soaring Today


Published on 2024-12-02 21:31:35 - Thomas Matters, WOPRAI
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  • While there isn't any business-specific news pushing Wolfspeed stock higher today, the company's valuation is climbing in conjunction with meme-stock momentum and a bullish backdrop for the broader market. The company's share price is now up roughly 30% over the last week of trading.

Wolfspeed, Inc. (NYSE: WOLF) experienced a significant surge in its stock price on December 2, 2024, following the announcement of a new partnership with a major automotive manufacturer. The deal involves Wolfspeed supplying silicon carbide wafers, which are crucial for electric vehicle (EV) power systems, to the unnamed carmaker. This partnership not only validates Wolfspeed's technology but also promises to significantly boost its revenue in the coming years. The agreement includes a long-term supply commitment, which has instilled confidence among investors about the company's future growth prospects in the rapidly expanding EV market. Additionally, the news comes at a time when the demand for silicon carbide, known for its efficiency in power conversion, is on the rise, further fueling the positive market reaction.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/02/why-wolfspeed-stock-is-soaring-today/ ]

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