$WOLF (Wolfspeed) down 18% after ER after disappointing guidance.

I am thinking that at this price, WOLF is a good longterm investment. It's got government backing and is just starting to ramp up its Mohawk facility for 200mm SiC wafers. Although next year revenues may not be as high as hoped, I think within the next 2-3 years this will be a $100 + stock. EV transition will be more full throttle by then, which will be a huge market that Wolfspeed can take advantage of domestically. The US dollar will also be hurting worse from BRICS and China/Russia trying to go after the dollar as the reserve currency, making US manufacturers and exporters one of the few places that might come out as winners even with high inflation.