Wolfspeed faces losses but shows promise with SiC tech in data centers despite Q1 setbacks

Wolfspeed reported negative gross margins, declining revenue, and significant losses in Q1, reflecting recent volatility in the chip sector. Despite these challenges, operational improvements and growth in Power Devices suggest cautious optimism for the company's future. The key opportunity lies in the adoption of silicon carbide (SiC) technology in data centers, which could drive rapidly improving margins and potential significant stock gains. Overall, Wolfspeed remains a high-risk, high-reward investment amid ongoing market fluctuations.

Wolfspeed shares are trading at USD 20.29 on Pluang as of Nov 06, 2026 05:11 WIB, down 11.20% in the last day. The stock's market cap stands at $1.21 billion, reflecting its position in the technology sector. Pluang investors have shown a strong selling bias with 95% of order activity being sell orders at this time.