Wolfspeed stock is jumping this week as the chipmaker emerges from bankruptcy. Some data shows the stock up as much as 2,500% in two days, but the reality is more complicated. Here's what's going on with the latest meme-like rally. The move: Wolfspeed stock rose as much as 46% on Tuesday, hitting a high of $32.26 early in the session. The gains extended its rally to as much as 79% in the last two days. Why: On Monday, Wolfspeed announced that it had successfully exited Chapter 11 bankruptcy protecti ...

Wolfspeed stock (WOLF) jumped as much as 50% on Tuesday before trimming gains after the chipmaker exited Chapter 11 bankruptcy with significantly less debt on its balance sheet. Shares of the maker of silicon carbide semiconductors, prized for their energy-efficient technology, have been on a wild ride after closing up 1,686% on Monday, placing the company on the Yahoo Finance trending tickers page. As part of its restructuring plan, the Durham, N.C.-based firm canceled its existing stock and issued ne ...