$WOLF

3 stories mentioning WOLF

Every FINWIRES story that references WOLF, newest first.

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.9%.The Philadelphia Semiconductor index added 2.9%.In corporate news, Apple (AAPL) is exploring avenues to better integrate AI agents into its App Store, The Information reported. Apple shares rose 1.6%.Wolfspeed (WOLF) shares surged past 18% after Citrini Research reportedly highlighted the company's position in the AI space.Nvidia (NVDA) Chief Executive Jensen Huang joined President Donald Trump on his visit to Beijing, a last-minute addition that has raised expectations of progress in stalled talks over the company's H200 AI chip sales to China, Reuters reported. Nvidia shares gained 2.5%.Amazon-backed (AMZN) Anthropic is in early discussions with investors to raise at least $30 billion in new funding at a valuation exceeding $900 billion, Bloomberg reported. Amazon shares rose 1.8%.

$AAPL$AMZN$NVDA$WOLF

Wire33d ago

Wolfspeed Shares Rise After Citrini Report on AI Space

Wolfspeed (WOLF) shares rose past 17% in recent Wednesday trading after Citrini Research reportedly highlighted the company's position in the artificial intelligence space.According to multiple media reports, Citrini described the company "a crouching tiger getting ready to reveal a dragon."The firm reportedly said that the stock should not be valued only on theoretical fab replacement value, but instead reflect the view that it is unlikely to be replaced.In September 2025, the semiconductor maker said it had completed its financial restructuring and emerged from Chapter 11 protection. In May, Wolfspeed reported a fiscal Q3 net loss of $119.9 million on revenue of $150.2 million.Price: $64.21, Change: $+10.49, Percent Change: +19.52%

$WOLF

Wire40d ago

Wolfspeed Fiscal Q3 Non-GAAP Loss Widens, Revenue Decreases; Share Down Pre-Bell

Wolfspeed (WOLF) reported a fiscal Q3 non-GAAP loss late Tuesday of $3.26 per diluted share, widening from a loss of $0.72 a year earlier.An analyst polled by FactSet expected a loss of $3.78.Revenue for the quarter ended March 29 was $150.2 million, down from $185.4 million a year earlier.An analyst surveyed by FactSet expected $150 million.The company's shares were down more than 13% in premarket activity Wednesday.Price: $31.79, Change: $-4.84, Percent Change: -13.21%

$WOLF