The U.S. Chips Act gave a $750 million grant this week to Wolfspeed (WOLF) to build a Silicon Carbide (SiC) Power Module production plant in North Carolina causing its shares to gain by 40%+ on the news. We're not going to bring up the coincidence that Asheville, NC residents have only been offered $750 in help after their homes were washed away. NIA's President and his sister have spent many hours volunteering in recent weeks helping clean the homes of victims in the Asheville area. Most people don't want the $750 at all and believe they would be better off if FEMA didn't exist.
We would also be better off if the U.S. Chips Act didn't exist to subsidize companies like Wolfspeed (WOLF). Government handouts will only get WOLF so far before it is broke/bankrupt and needing additional funds.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
