$Wolfspeed(WOLF.US) has risen nearly 20%. The MOU for GE Aviation's 10kV silicon carbide MOSFET is a verifiable firm order. Coupled with the fifth-generation 200mm silicon carbide platform directly addressing the power demands of AI data centers, silicon carbide's shift from automotive-grade to computing power supply has, for the first time, gained endorsement from a major client. The shadow of the previous bankruptcy restructuring has weighed heavily for a long time. This kind of fundamental catalyst is more reliable than a simple sentiment rebound, but valuation is still recovering. To chase it, one must recognize this is order fulfillment, not a news-driven spike.