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Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal | ZivFin News | ZivFin

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Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal

CoinDesk2026.05.13Source: coindesk.com ↗

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Wolfspeed stock was surging on Wednesday after Citrini Research—best known for its viral blog posts about AI wrecking the economy and the Strait of Hormuz—recommended the power-chip maker. Fellow power chip stock Navitas Semiconductor rose 3.6%, while Vicor slid 0.9% and Monolithic Power Systems was up 1.8%. Citrini analysts published a memo on semiconductors on Tuesday, highlighting Wolfspeed as a stock that can benefit from the AI boom.