🔴 Wolfspeed is trading 6.01% down in pre-market as Intel’s weak forecast pressures semiconductor shares

Wolfspeed is trading at $23.45, down 6.01%, as semiconductor shares face pressure following Intel’s weaker-than-expected fourth-quarter forecast and warning of continued PC-market softness.

• The broader technology selloff also reflects investor concerns about the cost of AI spending.
• No clear company-specific overnight catalyst was identified.
• Wolfspeed announced transparent silicon carbide technology on October 29, but available information does not establish it as the reason for the decline.