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Technology Stocks : Wolf speed
WOLF 21.81-8.2%3:59 PM EST
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To: slacker711 who wrote (10460)10/31/2021 1:03:46 PM
From: EvanG2 Recommendations

Recommended By
OldAIMGuy
slacker711

   of 10712
 
Finally seeing the acceleration in revenue.

STM had a similar situation to Wolfspeed with respect to Malaysia. They had $100 million in sales impacted, but stated that they never stopped producing wafers at front end fabs. Held them in inventory and expect to catch up on the back end processing during Q4 leading to a large bump in automotive revenue for that quarter. Seems like that scenario could play out for Wolfspeed. Perhaps it will get clarified in any calls that get scheduled.
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