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Wolfspeed’s Wild Ride: Bankruptcy Buzz

So, Wolfspeed just confirmed it’s heading for bankruptcy to wipe out a mountain of debt—think of it like hitting reset on a maxed-out credit card. The stock’s tanked over 86% this year, and folks online are mostly bummed, saying there’s not much hope for a quick bounce-back. If you’re holding shares, expect them to shrink to almost nothing, but the company hopes this move will help it come back stronger next year. Sometimes, you gotta take the L to get back in the game! #stocks #bankruptcy #investing #Business

27 days ago
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