$WOLF

Does he own it?

He explicitly disclosed owning no position in Wolfspeed in his deep-dive, and when he listed his actual holdings (a set of other SiC/packaging names) WOLF was not among them. Later he uses "$WOLF" only as a label for a power-semi basket. No first-person buy/hold/add/size statement ever appears.

His thesis

Wolfspeed is framed as the strategically critical US monopoly on 300mm silicon-carbide wafers, central to the SiC-interposer thesis for next-gen AI (Nvidia Rubin) and backed by large CHIPS Act grants. But he repeatedly warns it is financially a "landmine": negative enterprise-value trap with heavy debt, multiple convertible notes, and post-bankruptcy dilution. He treats strategic importance as separate from being a good investment, and increasingly uses WOLF as a benchmark/label for the broader 800V-DC power-semi trade rather than a pick.

How his view evolved

Started as a deep solo research dive (strategically vital but a balance-sheet landmine, explicitly no position). Shifted to using WOLF as a reference name within power-semi/800V baskets while his genuine enthusiasm moved to XFAB and other names.

Key points

• Explicitly disclosed no position; WOLF absent from his stated holdings list
• Bullish on strategic moat (only 300mm SiC, CHIPS grants) but bearish on its debt/dilution/negative-EV financials
• Later used mainly as a label for the broader power-semi basket, not a personal holding

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $WOLF on X ↗