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Wolfspeed Stock Soars on Massive Pentagon Loan Commitment

Source: benzinga.com

Infrastructure & DefenseCompany FundamentalsCredit & Bond Markets
Wolfspeed Stock Soars on Massive Pentagon Loan Commitment

Wolfspeed shares jumped in after-hours trading Wednesday after the silicon carbide chipmaker received a conditional U.S. Department of Defense commitment for up to $1.5 billion in long-term financing. The article provides no share-price percentage or financing terms beyond the maximum amount and conditional status.

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