Wolfspeed's recent 200 mm SiC wafer supply extension with Infineon and the $1.5 bn U.S. defense allocation tighten its fundamentals and support a rising price trend. The stock remains above its 50‑day SMA with a bullish MACD crossover, suggesting further upside.

Investor excitement is surging as Wolfspeed secures multi‑year wafer supply deals and a massive U.S. defense boost, fueling a bullish narrative. Social media chatter and analyst upgrades are driving the stock higher.

Long‑term risk is mitigated by diversified defense funding and secured wafer supply, reducing cash‑flow volatility. Execution risk on scaling 200 mm production remains, though the outlook stays bullish.

Recent trading shows volume >3× average and the price holding above the 20‑day EMA, while RSI remains near 55, indicating continued strength. The technical indicators align with a bullish continuation pattern.