Wolfspeed, Inc. (WOLF) Appoints Bret Zahn as Vice President and General Manager

With a share price under $3 and strong hedge fund interest, Wolfspeed, Inc. (NYSE:WOLF) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3.

Wolfspeed, Inc. (WOLF) Appoints Bret Zahn as Vice President and General Manager

An automated manufacturing production line of semiconductor components on an assembly line.

On August 5, 2025, Wolfspeed, Inc. (NYSE:WOLF) appointed Bret Zahn as Vice President and General Manager of its Automotive business, strengthening its commitment to the EV revolution. This move enhances the company’s automotive product roadmap to meet soaring EV demand, as Zahn brings 35 years of experience, including growing SiC operations at Onsemi.

Furthermore, this appointment is in line with Wolfspeed, Inc. (NYSE:WOLF)’s strategic investments in U.S.-based SiC manufacturing, including recent leadership enhancements. Looking ahead, the company remains optimistic about scaling innovation and securing global automotive partnerships, solidifying its position within the electrified transportation market.

Wolfspeed, Inc. (NYSE:WOLF) offers AI-driven, cutting-edge silicon carbide (SiC) semiconductor technologies. It is included in our list of the best AI stocks.

While we acknowledge the potential of WOLF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WOLF and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.