Wolfspeed shares surged 23% Thursday afternoon. Strong economic data and U.S.-China trade optimism boosted the semiconductor sector.

Wolfspeed's valuation is roaring higher today following an article from Wall Street Journal Pro that highlighted the semiconductor specialist's status as the most shorted U.S. stock on the market.

Wolfspeed's stock faces a 90% drop and high short interest. The upside is huge if Wolfspeed can find that path. Read here for ...