Wolfspeed Inc (WOLF) News & EventsWOLFNews & EventsWolfspeed Inc

Stock Futures Lower as Investors Assess Bond Market Pressure

Stock futures are lower as investors assess renewed pressure in the bond market and higher oil prices.The 30-year Treasury yield has climbed back above 5.2%, near its highest level in roughly two decades, as investors worry about rising government debt and persistent inflation pressures. The Treasury moved to double its purchases of longer-dated government bonds, helping yields pull back from their recent highs, although the move does not address the underlying fiscal concerns driving the selloff.Oil is adding to the inflation concerns, with Brent crude rising for a fifth consecutive session as tensions surrounding Iran and the Strait of Hormuz remain unresolved. President Donald Trump vowed "economic warfare" on Iran and penalties for its supporters, as the United Arab Emirates reported it was ceasing trade with Tehran.The AI trade is also facing greater scrutiny after the recent technology selloff. Second-quarter S&P 500 earnings are nevertheless running about 52% above the prior year, with technology-sector profits up roughly 74%. The question for investors is increasingly whether those earnings gains can justify the enormous capital spending and valuations attached to the AI buildout.In pre-market trading, S&P 500 futures fell 0.49%, Nasdaq futures fell 0.73% and Dow futures fell 0.72%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER PRESIDENT TRUMP CALL TO PASS CLARITY ACT -Strategyup 9%Coinbaseup 6%Geminiup 5%Circle Internetup 4%Mara Holdingsup 5%American Bitcoinup 4%Robinhoodup 4%UP AFTER EARNINGS -Nordsonup 3%Deereup 2%DOWN AFTER EARNINGS -Cotydown 18%Wolfspeeddown 8%Walmartdown 7%Alibabadown 6%

S&P 500 Edges Up, Western Digital Falls 7%

After three days of losses, the S&P 500 eked out modest gains on Wednesday, even though AI CapEx build-out themed areas of the market remained under heavy pressure.  2026 winners such as Seagate, Western Digitaland Dellwere some of the biggest losers in the benchmark, with declines of 8%, 7%, and 7%, respectively.  Enterprise software continued to balance out the recent weakness in the semiconductors, computer hardware, and semi equipment sectors.  Outside of Tech, Industrials was the worst performing sector in the S&P 500, while Basic Materials and Healthcare let the rebound.U.S. Treasury was effective as a "plunge protection" actor in fixed income markets today, announcing that effective September 9th, it will double its operation in purchases of longer-dated treasury securities.  Longer-dated yields caved on the announcement, with the 10-year slipping 5 basis points and the 30-year - which had risen to 19-year highs overnight - down 9 basis points.  Minutes of the Federal Reserve meeting in July did not spoil the Treasury rebound party, even though they revealed that "many participants assessed that policy tightening would likely be necessary if inflation did not decline".In the opening hour of the evening session, sentiment remains upbeat with S&P e-minis up 0.2% and NASDAQ-100 contract up 0.5%.  WTI crude oil continues to reflect the stalemate in the Strait of Hormuz, trading little changed around $84 per barrel.  Also of note in commodities, a weaker U.S. dollar in the wake of the US Treasury announcement has goosed up precious metals to their highest levels since June, with gold prices rising above $4,570 per ounce and silver spiking above $67 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Beam Globalup 21.5%Nordsonup 7.6%BILL Holdingsup 2.9%ALSO HIGHER -Aurinia Pharmaceuticalsup 3.8% after settling patent litigation with TevaDOWN AFTER EARNINGS -Wolfspeeddown 9.5%Cotydown 6.6%

Wolfspeed Q4 Revenue at $149.6M, Slightly Below Estimate

Reports Q4 revenue $149.6M, one estimate $150.0M. "We continued to expand our device business, highlighted by strong growth in AI data center applications and the launch of our fifth-generation SiC MOSFET. These achievements strengthen our technology leadership and confidence in our long-term growth opportunities," said Wolfspeed CEO Robert Feurle. "We are aggressively targeting initiatives to further reduce our debt and cost of capital as well as enhance our financial positioning," said Wolfspeed CFO Gregor van Issum. "During the fourth quarter, our capital structure further improved as holders of $46 million of our convertible notes exercised a voluntary conversion of their debt to equity".