Wolfspeed Stock Plunges Friday
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WolfspeedThe Motley Fool
•Business
Business & Economics
Why Wolfspeed Stock Plummeted 25.8% Today
72% Informative
Shares of Wolfspeed ( NYSE : WOLF) are crashing on Friday .
The chipmaker's stock plunged 25.8% as of 3:32 p.m. ET and was down as much as 29.3% earlier in the day .
While it beat earnings expectations, the company's 2026 sales guidance was underwhelming.
Wolfspeed now expects sales of $850 million in 2026 , when $958.7 million was expected.
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