Wolfspeed (WOLF) Notches All-Time High as Analyst Extremely Bullish

Wolfspeed Inc. (NYSE:WOLF) is one of the 10 Stocks With Easy Double-Digit Gains.

Wolfspeed extended its winning streak to a 7th consecutive day on Wednesday to hit a fresh all-time high, as investors increased their exposure to the stock after Citrini Research posted a highly optimistic outlook for the company.

In a market note, Citrini recommended the stock, describing Wolfspeed Inc. (NYSE:WOLF) as the platonic ideal that dipped into bankruptcy after aggressively expanding capacity to cover demand that did not materialize.

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

However, it said that the post-bankruptcy setup now looks highly attractive.

Following the report, Wolfspeed Inc. (NYSE:WOLF) saw its share prices climb to a record high of $73.54, before paring gains to end the session just up by 16.53 percent at $62.60 apiece.

In recent 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.

Looking ahead, the company expects to generate revenues of $140 million to $160 million for the fourth quarter ending June 2026, or a decline of 18.8 percent to 29 percent from the $197 million posted in the same comparable period.

Operating expenses are projected to remain flat on a quarter-on-quarter basis, while gross margins are expected to end in the red.

While we acknowledge the risk and potential of WOLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WOLF and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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