Wolfspeed stock price remains correlated with broader tech
Wolfspeed stock price remains correlated with broader tech sector sentiment, making macroeconomic indicators critical watchpoints. Wolfspeed is slashing its debt, reducing payments by 60%. While the debt reduction is substantial, Wolfspeed's fundamental business challenges remain largely intact. The company has struggled with execution issues, and the primary market for its specialty chips, the electric vehicle (EV) market , is experiencing its own difficulties. Wolfspeed stock price trends are being monitored closely as RSI indicators approach oversold regions on daily charts.
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