US Stock Market Move | Wolfspeed (WOLF.US) jumped more than 27% after announcing the large-scale commercialization of its 200mm silicon carbide material product portfolio.

On Monday, the stock price of Wolfspeed (WOLF.US) surged, as of the time of writing, the stock rose over 27%, reaching $2.978. In terms of news, the company had announced previously that its 200mm silicon carbide materials products had started large-scale commercial use. After initially providing 200mm silicon carbide products to some customers, the market response was positive and the benefits were significant.