GE Aerospace Advances Silicon Carbide Push With Wolfspeed Deal

GE Aerospace announced a Memorandum of Understanding with Wolfspeed to develop high-voltage silicon carbide-based power modules for aerospace and defense applications. Despite the positive collaboration news, GE Aerospace shares declined 1.72% on Monday, underperforming the broader market. The stock faces technical headwinds from a recent death cross and premium valuation, though analysts maintain a Buy rating with a $271.96 price target.