Wolfspeed is trading at $24.28, down 6.29%, amid semiconductor-sector weakness.
- Chip stocks faced selling amid concerns about AI spending and debt-financed infrastructure; hotter inflation renewed interest-rate worries.
- Wolfspeed’s expanded Infineon wafer agreement was announced October 15, when shares rose, and does not explain the October 16 decline. No new company-specific announcement explaining the drop was identified; the broader market was weaker, with the Nasdaq down 1.33%.