Wolfspeed Inc

In a Stage 4 decline with persistent lower highs and lower lows under declining EMAs and price sitting at 200 DMA support, the medium-term bias remains bearish. However, extreme oversold conditions and lack of follow-through below support make immediate selling poorly timed. We defer execution—planning to trim into rallies toward the 9/21 EMA resistance zone for better entry.

• ↑Maintains $1.2B cash & short-term investments, supporting growth initiatives.
• ↑Launched first 10 kV SiC power MOSFET, leading high-voltage applications.
• ↓Non-GAAP gross margin at −20.6%, highlighting profitability challenges.