This is the most confusing stock possibly of all time. Wolfspeed is not a meme company. They are the world’s largest manufacturer of silicon carbide (SiC), which is used in EVs, renewable energy systems, data centers, and more. So what is going on then? Stock is down 96% since 2021 and has a negative PE ratio. Institutions own 90% and hedge funds have shorted this to hell with almost 37 million short shares, carrying high interest. Average daily trading volume is an absurd 14 million per day. Any theories? $SPY $QQQ $MSTR $TSLA $HOOD $NVDA $AAPL $MSFT $META $AVGO $TSM $GOOGL