Wolfspeed stock drops 25% in October amid federal support and financial challenges.

Wolfspeed's stock fell 25% in October despite a $1.5 billion conditional federal financing commitment to boost domestic silicon carbide production. The company faces negative gross margins, high-interest debt, and ongoing restructuring costs, while its AI data center revenue shows growth. Investors await definitive loan agreements and upcoming earnings to gauge recovery prospects amid competition and market volatility.

Wolfspeed trades at USD 21.47 on Pluang as of Oct 31, 2026, down 13.95% in one day. The stock's market cap is $1.32 billion, with a 52-week low of $14.80 and high of $73.68. Pluang data shows 61% of orders are buys, with an average hold time of 22 days.