15 AI Stocks Making Waves on Wall Street

14. Wolfspeed, Inc. (NYSE:WOLF)

Number of Hedge Fund Holders: 26    

Wolfspeed, Inc. (NYSE:WOLF) operates as a bandgap semiconductor company that focuses on silicon carbide and gallium nitride (GaN) technologies. On November 22, Roth MKM analyst Craig Irwin kept a Buy rating and $20 price target on the stock after hosting meetings with its management team. The analyst notes that the down payments required for 200mm SiC wafer offtakes could be 5 times the deposits for 150mm offtakes, and Roth MKM expects the device demand inflection after the Trump inauguration to catalyze commitments. The advisory adds that it remains positive on Wolfspeed as a strategically important US leader in SiC semiconductor materials.