This Silicon Carbide Stock Just Got a Billion-Dollar Lifeline

By Jose Najarro and Billy Duberstein – Jul 6, 2023 at 7:12AM

NYSE: WOLF

Wolfspeed

Market Cap

$3B

Today's Change

(5.55%) $1.38

Current Price

$26.25

Price as of April 26, 2024, 4:00 p.m. ET

Wolfspeed got support from lenders to improve its silicon carbide wafers production facilities.

Wolfspeed (WOLF 5.55%) received financial support from Apollo Global Management (APO 0.30%) to support the expansion of its silicon carbide facilities. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing and click the special offer link below.

*Stock prices used were the market prices of June 27, 2023. The video was published on July 5, 2023.

Billy Duberstein has no position in any of the stocks mentioned. Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.