If You'd Invested $500 in Wolfspeed 5 Years Ago, Here's How Much You'd Have Today

Is a recovery story in the works for Wolfspeed (NYSE: WOLF)? After all, the next-gen semiconductor maker says it'll soon emerge from Chapter 11 bankruptcy protection with a much cleaner balance sheet; it also faces a promising market for the silicon carbide and gallium nitride products in which it specializes. Perhaps it might even recoup some of the significant losses its shares have incurred over the years.Across a five-year stretch, a $500 investment in what's now Wolfspeed would have withered to only $16.42. This, combined with the company entering bankruptcy proceedings, has made it something of a meme stock. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool