Why Wolfspeed Stock Plummeted 84.7% in 2024 and Is Sinking Even Further in 2025

Wolfspeed (WOLF -3.35%) stock got crushed in 2024 despite a bullish backdrop for the broader market. The silicon-carbide technology specialist's share price fell 84.7% across last year's trading, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index climbed 23.3%, and the Nasdaq Composite index rose 28.6%. Despite a bullish backdrop for the broader semiconductor industry, Wolfspeed stock saw huge selloffs last year as the business continued to post big losses. In addition to mo ...