Wolfspeed Inc. (NYSE:WOLF) shares are trending Thursday after announcing it filed a patent infringement lawsuit Tuesday against Navitas Semiconductor Corp. (NASDAQ:NVTS) in the United States District Court for the District of Delaware.

• Wolfspeed stock is charging ahead with explosive momentum. What’s behind WOLF gains?

The Lawsuit

The lawsuit asserts that a broad range of Navitas products infringes multiple Wolfspeed patents, including five specifically named U.S. patents covering GaN and SiC semiconductor technology. Products accused of infringement span major Navitas product lines — including its GaNFast, GaNSlim, and GaNSafe GaN-based FET families, as well as Navitas’s GeneSiC MOSFETs and SiCPAK modules.

“Wolfspeed’s foundational technology helped create this industry, and we are deeply committed to defending the intellectual property that represents decades of innovation and R&D investment,” said Robert Feurle, CEO. “Protecting our patent portfolio is a strategic priority for the company and our shareholders.”

Wolfspeed Stock Still Faces Technical Headwinds

At $37.09, Wolfspeed is still trading 20% below its 20-day SMA ($45.55) and 27% below its 50-day SMA ($49.90), which keeps the intermediate trend tilted lower despite the premarket strength. The stock is also trading 4.4% above its 100-day SMA ($34.90) and 31.9% above its 200-day SMA ($27.63), so the longer-term uptrend structure hasn’t fully broken.

The 20-day SMA sitting below the 50-day SMA is a bearish crossover that often acts like "gravity" on rallies until price can reclaim those averages. At the same time, the 50-day SMA remains above the 200-day SMA (a golden cross that occurred in October 2025), which is typically a longer-term bullish backdrop—but it can lose usefulness if price stays pinned below the 50-day for too long.

MACD is the cleaner momentum lens right now: it’s below its signal line and the histogram is negative, which points to upside pressure cooling versus the prior upswing unless buyers can rebuild momentum. Put simply, when MACD is below its signal line, rallies are more likely to fade until momentum flips back in buyers’ favor.

• Key Resistance: $36.50 — a nearby pivot area that can cap rebounds, especially with price still well below the 20-day and 50-day moving averages overhead.

Wolfspeed Shares Edge Higher

WOLF Price Action: At the time of publication, Wolfspeed shares are trading 3.18% higher at $37.00, according to data from Benzinga Pro.

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