Wolfspeed (WOLF) Stock News

Wolfspeed received a $1.5 billion loan commitment from the Defense Department. Shares rose 22% in after-hours trading. Applied Digital reported a more than fourfold revenue increase driven by AI hyperscaler demand. Shares gained 3.7%. Profound Medical expects Q3 revenue up as much as 89%. Shares jumped 23%. Resources Connection logged lower sales and a wider loss. Shares fell 13%.

Wolfspeed announced a conditional commitment for up to $1.5 billion in long-term financing from the U.S. Department of War to expand domestic silicon carbide and gallium nitride production for national security applications. The 30-year loan is subject to due diligence, definitive agreements, and government approvals.

Wolfspeed Q4 revenue misses by wide margin, Q1 guide mixed.