Wolfspeed reported Q4 2026 revenue of $149.6 million, well below the expected $223.55 million, and an adjusted loss of $2.26 per share versus an anticipated loss of $0.52. Following this, the company's stock dropped 9.42% to $26.35. Pomerantz LLP is investigating whether Wolfspeed and its executives engaged in securities fraud or other unlawful practices. Investors affected are encouraged to contact the law firm as a class action may be pursued.
Wolfspeed shares surged 6% and IREN rose 4% despite little movement in the broader AI infrastructure sector and related funds. Wolfspeed, a silicon carbide semiconductor maker, and IREN, shifting from bitcoin mining to AI computing rentals, are seein...
Wolfspeed reported Q4 2026 revenue of $149.6 million, far below the expected $223.55 million, and an adjusted loss of $2.26 per share versus an expected loss of $0.52. Following this, the company's stock dropped 9.42% to $26.35. Pomerantz LLP is inve...
