Wolfspeed (WOLF) Climbs 18% on Launch of Power Modules for AI

Wolfspeed Inc. (NYSE:WOLF) is one of the 10 Stocks With Shocking Overnight Gains.

Wolfspeed climbed by 18.56 percent on Thursday to close at $69.50 apiece, as investors welcomed the launch of two new power module families designed to address the power needs of AI data centers.

In a statement, Wolfspeed Inc. (NYSE:WOLF) unveiled the 3.3kV silicon carbide (SiC) high-power half-bridge baseplate modules designed for less than 800 amp applications and optimized for demanding converter topologies for solar, grid-scale energy storage, and wind-power infrastructures.

Wolfspeed’s Silicon Carbide 200mm semiconductor wafer. Photo from Wolfspeed

It also introduced the scalable full-bridge baseplate-less modules for solid-state transformers (SSTs) and modular renewable energy infrastructure, engineered for modularity, offering flexibility to configure multi-level, series-stacked, or parallel converter architectures with consistent, matched performance.

In other news, Wolfspeed Inc. (NYSE:WOLF) said that it slashed its net losses by 58 percent in the three months ending March 2026, at $119.9 million versus $285.5 million in the same period last year.

Revenues declined by 18.9 percent to $150.2 million from $185.4 million year-on-year, but fell within its earlier guidance of $140 million to $160 million.

CEO Robert Feurle said that Wolfspeed Inc. (NYSE:WOLF) continued to make meaningful progress against its priorities, improving long-term growth trajectory and financial flexibility to execute strategic priorities.

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