Wolfspeed Inc

Wolfspeed shares jumped nearly 25% Friday after a 5% stake disclosure. The chipmaker reports fiscal Q3 earnings Tuesday amid ongoing losses and weak EV demand.

Wolfspeed shares jumped after a group tied to Susquehanna disclosed a 5% stake. New executives and debt refinancing signal turnaround efforts before earnings.

Wolfspeed shares jumped 13% to $31.23 on heavy volume ahead of its May 5 earnings report, after the chipmaker cut debt by $97 million and lowered annual interest costs by $62 million.

Navitas Semiconductor shares advanced following the launch of new silicon carbide products targeting AI infrastructure and the appointment of a new CFO. The company reported a significant quarterly revenue drop and an operating loss.

Navitas Semiconductor shares stabilized in premarket trading after a sharp 20% rally, driven by an upbeat first-quarter revenue forecast and the announcement of its CFO's upcoming departure.