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Wolfspeed Inc. (NYSE:WOLF) is one of the 10 Stocks Delivering Massive Returns.

Wolfspeed bounced back by 15.32 percent on Tuesday to close at $61.06 apiece, as investors resorted to bargain-hunting following the previous day’s losses, while digesting its ongoing expansion efforts.

In a statement on Monday, Wolfspeed Inc. (NYSE:WOLF) said that it is opening a new regional office in the San Francisco Bay Area and launching a dedicated team to enable closer alignment with leading hyperscalers, original design manufacturers, and the entire ecosystem to build differentiated products and solutions for AI and other data center applications.

Wolfspeed’s Silicon Carbide 200mm semiconductor wafer. Photo from Wolfspeed

Wolfspeed Inc. (NYSE:WOLF) said that the expansion program builds on its confidence that demand for next-generation data center power architecture innovations continues to be strong. It said the move effectively positions itself to deliver high-voltage SiC power solutions engineered to drastically reduce energy loss and maximize efficiency for modern AI infrastructure.

“The sheer scale of AI computing demands a fundamental rewrite of data center power architecture," Wolfspeed Inc. (NYSE:WOLF) CEO Robert Feurle said.

"Moving to higher voltages is no longer optional—it's a necessity. With our new data center solutions team at the epicenter of tech innovation, Wolfspeed is uniquely positioned to deliver the high-voltage solutions our hyperscaler and ODM partners need to build the efficient data centers of tomorrow,” he noted.

While we acknowledge the potential of WOLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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