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    WOLFSPEED STOCK SOARS OVER 16% FOLLOWING $750M DEAL UNDER BIDEN'S CHIPS AND SCIENCE ACT

    Wolfspeed Inc. (NYSE: WOLF), a key competitor to Nvidia, witnessed its stock surge by more than 16% after securing a major funding agreement with the U.S. Department of Commerce. The deal, announced under President Biden's CHIPS and Science Act, is valued at up to $750 million. This capital will...