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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%Nov 10 4:00 PM EST

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From: Julius Wong7/1/2025 7:14:30 AM
1 Recommendation   of 95390
 
Tuesday pre-market
  • Wolfspeed ( WOLF) +70% – Shares skyrocketed after the silicon carbide company announced a pre-packaged Chapter 11 restructuring aimed at slashing debt by 70% ($4.6B) and cutting annual cash interest payments by 60%. Wolfspeed expects to emerge from the process by the end of Q3 '25, with a stronger balance sheet to accelerate strategic growth. The company cited strong lender support and emphasized its leadership in the silicon carbide space, bolstered by its fully automated 200mm manufacturing operations.
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