🔴 Wolfspeed is trading 5% down in pre-market on October 29, 2026, amid AI-spending return concerns

Wolfspeed is trading at $25.27, down -5.14% in pre-market as semiconductor shares weaken amid concerns about returns on AI spending.

• Nasdaq futures fell and the semiconductor ETF declined after Alphabet’s results renewed those concerns.
• Wolfspeed’s news listings showed no new company-specific catalyst for the decline. Its latest announcement, on October 28, was a multiyear silicon-carbide supply agreement for BorgWarner’s EV inverter platform.