Wolfspeed shares extend rally after Citrini spotlights AI infrastructure potential (WOLF)

Fiona Craig

Wed, May 13, 2026 astatine 8:38 AM CDT 2 min read

Shares of Wolfspeed (NYSE:WOLF) surged 20% connected Wednesday morning, marking a seventh consecutive league of gains aft thematic probe steadfast Citrini highlighted the chipmaker successful a study focused connected artificial quality infrastructure opportunities.

The rally followed a probe enactment published Tuesday successful which Citrini described Wolfspeed arsenic its “single-stock highlight” wrong the AI infrastructure sector, pointing to the company’s positioning pursuing its bankruptcy restructuring.

Citrini highlights post-bankruptcy setup

In its paywalled report, Citrini argued that Wolfspeed’s erstwhile assertive enlargement efforts yet created a unsocial accidental for investors.

“Wolfspeed is the platonic perfect – not lone did they walk aggressively to ramp capableness into request that failed to materialize, they did it truthful hard that it bankrupted their company,” Citrini said.

“The setup now, connected the different broadside of bankruptcy, is perfect.”

The steadfast added that “WOLF is simply a crouching tiger getting acceptable to uncover a dragon that deserves to not conscionable beryllium priced based connected what their fab’s replacement worth theoretically is, but bespeak the information that it’s not going to beryllium replaced.”

Stock extends crisp multi-session beforehand

Wolfspeed shares person climbed astir 50% implicit the past six trading sessions arsenic investors rotated backmost into semiconductor and AI-related infrastructure names.

The broader spot assemblage has rallied successful caller weeks amid continued request for AI infrastructure components and tightening proviso conditions crossed planetary representation spot markets.

Shares of semiconductor manufacturers, optical constituent companies and information retention firms besides traded higher connected Wednesday morning.

Company restructured indebtedness done bankruptcy process

Last year, Wolfspeed filed for bankruptcy extortion arsenic portion of a creditor-supported restructuring plan.

The process reduced the company’s indebtedness load by astir $4.6 billion, helping reposition the semiconductor shaper arsenic it seeks to payment from semipermanent AI infrastructure demand.

Wolfspeed banal price