🔴 Wolfspeed is trading 5% down amid chip selloff tied to Intel's weak forecast

Wolfspeed is trading 5.07% down at $20.86 on November 2 amid semiconductor-sector weakness following Intel’s weak fourth-quarter forecast and investor concerns about AI infrastructure spending.

• Reuters linked Friday’s technology rout to Intel’s outlook and Amazon-related cash-burn worries, with losses spreading across chip stocks.
• Supplied sector data shows SOXX down 2.53%.
• No new company-specific announcement explaining the November 2 decline appeared in available results; Wolfspeed’s BorgWarner supply agreement was announced October 28.