02:10 PM EDT, 05/13/2026 (MT Newswires) -- Wolfspeed ( WOLF ) shares rose past 17% in recent Wednesday trading after Citrini Research reportedly highlighted the company's position in the artificial intelligence space.

According to multiple media reports, Citrini described the company "a crouching tiger getting ready to reveal a dragon."

The firm reportedly said that the stock should not be valued only on theoretical fab replacement value, but instead reflect the view that it is unlikely to be replaced.

In September 2025, the semiconductor maker said it had completed its financial restructuring and emerged from Chapter 11 protection. In May, Wolfspeed ( WOLF ) reported a fiscal Q3 net loss of $119.9 million on revenue of $150.2 million.

Price: 64.21, Change: +10.49, Percent Change: +19.52