Wolfspeed Stock Skyrockets 1,100% After Bankruptcy

Wolfspeed (WOLF) just pulled off the most shocking bankruptcy rally of 2025. On Monday, the company filed for Chapter 11 bankruptcy, and instead of crashing, shares spiked more than 50% in pre-market… then skyrocketed over 1,100% intraday. Here’s why: Court-approved restructuring wipes out 70% of its $6.5B debt (down to $2B). Interest expenses slashed by 60%. But current shareholders only keep 3–5% of the new equity — creditors take control. Old Wolfspeed shares will be delisted on October 10th. Today, shares are still volatile after the fireworks. Is this just a trading frenzy, or the start of a real turnaround? Drop your thoughts in the comments ⬇️ #Wolfspeed #Bankruptcy #Stock 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.