10 Stocks That Will Profit From AI

5. Wolfspeed, Inc. (NYSE:WOLF)

 EPS next year: 35.38%

Number of Hedge Fund Holders: 27

Wolfspeed, Inc. (NYSE:WOLF) is a leading innovator in wide bandgap semiconductors, focusing on silicon carbide (SiC) and gallium nitride (GaN) technologies. These advanced materials are integral to high-performance applications such as electric vehicles (EVs), renewable energy systems, and fast-charging infrastructures.

In January 2025, Wolfspeed, Inc. (NYSE:WOLF) introduced its Gen 4 MOSFET technology platform, designed to enhance system efficiency and durability in high-power applications. This platform offers significant performance improvements for designers in the automotive, industrial, and renewable energy sectors.

Wolfspeed, Inc. (NYSE:WOLF) reported second-quarter fiscal year 2025 revenue of $180.5 million, slightly surpassing analyst expectations. The Mohawk Valley manufacturing facility contributed approximately $52 million to this revenue. Despite a net loss of $372.2 million for the quarter, the company is implementing operational transitions aimed at enhancing profitability.

Wolfspeed’s stock experienced a one-month gain of 12.82%, as of March 26, attributed to a strategic partnership with a leading automaker for the supply of SiC components. Wolfspeed, Inc. (NYSE:WOLF) targets third-quarter fiscal 2025 revenue between $170 million and $200 million. The company’s ongoing investments in manufacturing capacity and technological innovation aim to meet the growing demand for SiC solutions.

Analyst ratings are mixed, with 50% recommending Hold. The average price target from 18 analysts is $9.07 as of 25th March. Growth is projected at 33.45% next year.