It’s Wolfspeed Inc. (NYSE:WOLF), which filed for Chapter 11 bankruptcy in June 2025.
The surged 100% through May 20, marking the best performance among U.S. semiconductor stocks this month, more than doubling Micron's gain.
The move follows one of the most brutal collapses in recent semiconductor history.
Wolfspeed shares remain down roughly 99.6% from their November 2021 peak. At the time, Wall Street viewed the company as one of the highest-conviction electric-vehicle supply chain trades.
The stock ultimately imploded under the weight of aggressive capital spending tied to silicon carbide, or SiC, manufacturing expansion.
But now, the exact infrastructure that nearly destroyed Wolfspeed financially is being reframed by some analysts as one of the most strategically important assets in the next phase of the artificial intelligence buildout.
What Citrini Research Said On Wolfspeed
Citrini Research, the independent macro and technology research firm that drew widespread attention in February after publishing its apocalyptic "Global Intelligence Crisis" note warning about mass AI-driven job displacement, argued last week that the next phase of the AI infrastructure trade is shifting beyond GPUs and memory chips toward power and analog semiconductors.
In its latest semiconductor-focused report released last week, Citrini named Wolfspeed Inc. as its "single-stock highlight," describing the company as "the platonic ideal" of the firm's ...
