Wolfspeed: The Post-Bankruptcy Reset Is Working
Wolfspeed, Inc. has successfully transitioned from a distressed EV supplier to a key player in AI infrastructure. The company reported a 30% sequential growth in AI data center revenue for Q3, alongside improved gross margins and a significant debt refinancing. Analysts have rated the stock as a Buy with a price target of $85, highlighting the potential of its Mohawk Valley facility in FY27.
- ▪Wolfspeed is now positioned as a scarce AI infrastructure asset.
- ▪The company delivered 30% sequential AI data center revenue growth in Q3.
- ▪Wolfspeed's debt refinancing amounted to $476 million.
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