After a 13% Selloff, Wolfspeed Now Trades at Steep Discounts. Don’t Be Fooled into Buying the Dip.

Semiconductor stocks can change direction fast, becoming the “elephant in the room.” On May 27, 2026, Wolfspeed (WOLF) dropped 13.93% in one session, landing alongside Qualcomm (QCOM) as one of the sector’s biggest losers as traders turned cautious ahead of Marvell’s (MRVL) results.

This slide added to the weakness that followed its fiscal Q3 2026 report in early May, when the company posted a GAAP net loss of $119.9 million and a GAAP gross margin of about -27%.