{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Wolfspeed is set to present at the UBS Global Technology and AI Conference on December 3, 2024, focusing on its transition to 200mm technology to enhance manufacturing efficiency and leverage an $11 billion backlog in design wins, particularly in the electric vehicle sector. Despite operational challenges and a need for significant restructuring, the company anticipates a revenue growth forecast of 22.9% per year, supported by CHIPS Act funding and a potential recovery in industrial markets by 2025. Analysts project a target price over 20% higher than the current share price, reflecting confidence in Wolfspeed's growth trajectory.
Wolfspeed is transitioning to 200-millimeter technology, enhancing efficiency and financial performance, supported by an $11 billion backlog in design wins, particularly in the electric vehicle sector. However, the company faces operational challenges, including a high cost structure and significant restructuring charges, alongside economic headwinds like high interest rates. Despite these issues, analysts project a revenue growth of 22.9% per year, indicating strong future potential.
Neill Reynolds
People
02:02 04.12.2024
01:33 04.12.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Market Sentiment Analysis
Inflation Rates & CPI Data
Banking Regulations
Corporate Responsibility & ESG
Decentralized Finance (DeFi) Innovations
SEC & Financial Compliance
Cryptocurrency Regulations
Tokenomics and Crypto Economics
Blockchain Technology Adoption
Mergers & Acquisitions
Market Analysis and Predictions
Anti-Money Laundering (AML) Regulations
Real Estate Investments
Cryptocurrency Developments
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
JPMorgan Chase & Co.
Solana USD
Apple Inc.
MicroStrategy Inc
Ripples USD
BlackRock, Inc.
NVIDIA Corporation
Bitwise Bitcoin ETF
Grayscale Litecoin Trust
Chainlink USD
VanEck Vietnam ETF
Intesa Sanpaolo
KB Home
Wells Fargo & Company
Ethereum USD
Robinhood Markets, Inc.
Kraken Energy Corp.
Coinbase Global Inc
The Goldman Sachs Group, Inc.
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Canadian Dollar
Indian Rupee
Japanese Yen
Hong Kong Dollar
Australian Dollar
Thai Baht
South Korean Won
Swedish Krona
Danish Krone
Mongolian Tögrög
Indonesian Rupiah
New Zealand Dollar
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.