Investing.com -- Wolfspeed Inc. (NYSE: WOLF) shares rose 20% Wednesday morning, extending gains into a seventh consecutive session after thematic research firm Citrini highlighted the chipmaker in its analysis of artificial intelligence infrastructure.

The stock climbed following Citrini’s Tuesday report, which described Wolfspeed as its "single-stock highlight" in the AI infrastructure space. The research firm noted the company’s post-bankruptcy positioning in its pay-walled analysis.

"Wolfspeed is the platonic ideal – not only did they spend aggressively to ramp capacity into demand that failed to materialize, they did it so hard that it bankrupted their company," Citrini commented. "The setup now, on the other side of bankruptcy, is perfect."

The firm added that "WOLF is a crouching tiger getting ready to reveal a dragon that deserves to not just be priced based on what their fab’s replacement value theoretically is, but reflect the fact that it’s not going to be replaced."

Wolfspeed shares have gained approximately 50% over the past six trading sessions. The broader semiconductor sector has rallied in recent weeks amid demand for AI infrastructure components.

The gains also came as supply for global memory chips, essential for AI infrastructure build-outs, continues to tighten. Shares in chipmakers, opticals and storage companies advanced Wednesday morning.

Last year, Wolfspeed filed for bankruptcy protection to implement a creditor-backed restructuring plan that reduced its debt by $4.6 billion.