Wolfspeed (WOLF) jumps 20% after Citrini highlights chipmaker’s valuation potential

Wolfspeed (WOLF) rose more than 20% in premarket trading on May 13, 2026, after thematic research firm Citrini recommended the silicon carbide chipmaker, citing upside tied to its fabrication assets and limited replacement prospects. The stock was on track for a seventh straight gain. Shares have surged more than 180% in 2026, driven by renewed investor interest in silicon carbide semiconductors used in electric vehicles, artificial intelligence, industrial and energy markets. Wolfspeed attracted heightened retail attention in 2025 after filing for bankruptcy protection amid economic uncertainty, shifting trade policies and weaker chip demand. The company exited Chapter 11 in September 2025, reducing balance-sheet debt by about 70%.