Last week, news of a temporary U.S.-China trade deal sparked a surge in stock prices, particularly benefiting the S&P 500, which closed positively. However, by Friday, optimism waned as skepticism regarding the effectiveness of the 90-day pause grew among commentators. Additionally, the Nasdaq experienced a significant boost midweek, driven by Nvidia’s (NVDA) performance.
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Why Wolfspeed Stock Plummeted 94% in the First Half of 2025 — and What Comes Next
Wolfspeed (NYSE: WOLF) experienced a drastic 94% decline in its stock price during the first half of 2025, contrasting with a 5.5% gain in the S&P 500, due to disappointing quarterly results and a bleak sales outlook. The situation worsened as the company filed for Chapter 11 bankruptcy protections at the end of June amid rising concerns about its financial stability. Explain It To Me Like I'm 5: Wolfspeed, a company that makes special parts...
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