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The Ratings Game: Wolfspeed’s stock sinks as chip maker remains a ‘show-me’ story after a confusing quarter

The Ratings Game

Company’s Mohawk Valley fab not contributing as fast as expected

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jim watson/Agence France-Presse/Getty Images

Wolfspeed Inc. shares dropped Thursday after Wall Street analysts reflected on a confusing quarter from the maker of silicon-carbide chips as it struggles to ramp up contributions from a major fabrication plant.

Wolfspeed WOLF shares dropped as much as 21% to an intraday low of $42.01 and were last down 18% in Thursday trading. The stock was on track for its worst one-day performance since Oct. 27, when shares dropped 18.2%.

Late…

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