‘Power-Chip’ Stock Wolfspeed Gets a New Recommendation—and the Stock Is Soaring

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.