US Stock Market Move | Wolfspeed (WOLF.US) stock price has surged over 1130% and has been halted multiple times.

On Monday, the stock price of Wolfspeed (WOLF.US) surged over 1130% and was halted multiple times for trading. As of the time of writing, the stock price is at $14.97. The semiconductor sector as a whole saw gains today. In terms of news, foreign media reports that the Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device. This move aims to encourage companies to shift their production to the United States. According to the plan, the US Department of Commerce will impose tariffs on imported products, equivalent to a certain percentage of the estimated value of chips in the product. If this plan is implemented, it will indicate that the Trump administration is attempting to have an impact on a wide range of consumer products including toothbrushes and laptops.