Gold is 2025’s best performer. UBS sees more upside
Investing.com -- Wolfspeed (NYSE:WOLF), a prominent chipmaker, has seen a significant uptick in its shares in US premarket trading, with an increase of up to 18%.
This marks the sixth consecutive session of gains for the company, equaling the winning streak it experienced in February.
Over the past five days, Wolfspeed’s shares have risen by a staggering 69%. Despite this recent surge, the company’s shares remain down by 38% year-to-date (YTD).
The chipmaker’s shares have experienced considerable fluctuations recently. At the end of March, the stock plummeted by a record 52%, reaching a low not seen since 1997.
This drastic drop came after the company faced difficulties in negotiating a deal with investors regarding the refinancing of its $575 million convertible bonds, which are due next year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.