On August 26, Wolfspeed Inc. rose 8.22% in regular trading, trading at $27.33/share, with turnover of $37.88 million. The rebound comes as the market re-prices the company's structural growth in AI data center business following an initial post-earnings selloff.

While Wolfspeed's fiscal Q4 revenue of $149.6 million significantly missed the consensus estimate of $224 million, declining 24.1% year-over-year, its AI data center business more than doubled for the full fiscal year, with Q4 sequential growth of approximately 20%. The company also launched its fifth-generation silicon carbide MOSFET and signed a 10kV SiC MOSFET supply memorandum with GE Aerospace, expanding its footprint in AI infrastructure and aerospace applications.

The stock had previously dropped over 8% on August 24 following the revenue miss and widening non-GAAP loss of $2.26 per share versus $0.77 a year earlier. Market focus now appears to have shifted from top-line weakness toward the emerging AI-related business growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)