Wolfspeed is exploding higher today as the stock benefits from a dual-pronged catalyst of company-specific product momentum and a broader semiconductor rally. The company recently expanded its 200mm silicon carbide portfolio, providing a positive internal development that coincides with a sector-wide surge fueled by Micron's strong earnings report released yesterday evening. This industry-wide optimism, driven by AI-fueled demand for memory and chips, has helped lift the stock significantly above its 50-day moving average.