Wolfspeed is trading 5.6% up at $37.86 as investors reassess the prior patent litigation-driven selloff and broader tech sentiment improves.
- The stock is seeing a partial rebound after dropping on news of a patent infringement lawsuit against Navitas and Navitas’s subsequent rejection of those claims.
- With no new company-specific headlines this morning, the move suggests a recovery from earlier weakness alongside a firmer tech tape.