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Wolfspeed shares sink on going-concern fears, slowing EV sales hit annual revenue forecast
finance.yahoo.com/news/wolfspeed-shares-sink-going-concern-144153193.html
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(Reuters) -Chipmaker Wolfspeed's (WOLF) shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it grapples with slowing electric-vehicle demand amid economic uncertainty.
The company is squeezed between sluggish…
This story appeared on finance.yahoo.com, 2025-05-09 14:41:53.