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October 21
- Wolfspeed Secures Significant Investment for Semiconductor Expansion
➀ Wolfspeed announces a $2.5 billion investment for expansion in the semiconductor industry;
➁ The investment will boost Wolfspeed's market share in the growing semiconductor industry as a primary silicon carbide producer;
➂ Despite a weak financial performance, the company's focus on SiC and GaN technologies and partnership with EPC Power positions it as a major contender with solid upside potential;
➃ Wolfspeed's stock has seen a 43% jump on the news, trading at a significant discount to industry peers;
➄ Analysts have a cautious stance on the stock, with a Hold rating and a potential upside of 7.31% from current levels.
August 31
- Alibaba (NYSE:BABA) Gains after Three-Year Regulatory Investigation Ends➀ Alibaba successfully completed a three-year regulatory overhaul, ending a challenging period following an antitrust fine in 2021. ➁ The State Administration for Market Regulation (SAMR) confirmed Alibaba's compliance and stopped the 'choose one of two' practice. ➂ The conclusion of the investigation is positive for Alibaba, though it still faces challenges such as sluggish growth and intense competition in China's e-commerce sector.