The Trump administration’s broad tariff rollout on April 2 caused a 20% decline in the Nasdaq Composite, signaling a bear market. Despite market volatility being a normal part of investing, investors should remain calm and focus on long-term success. To survive and thrive during chaotic times, diversify your portfolio, invest in high-quality stocks, and use dollar-cost averaging to take advantage of buying opportunities.
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Why Wolfspeed Plunged Today
Shares of Wolfspeed (NYSE: WOLF), a silicon carbide chip manufacturer, saw a significant drop of 34.4% following the announcement of its plans to file for Chapter 11 bankruptcy to restructure its substantial debt. This decision follows earlier funding challenges due to the government not providing an anticipated CHIPS Act subsidy, though it seems equity holders may still retain some value in the company. Explain It To Me Like I'm 5: Wolfspeed, a company that makes...
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