On June 15, TeraWulf Inc. rose 5.03% in pre-market trading, trading at $27.20/share, with turnover of $677,700. The stock gained momentum amid a broad rally across the AI infrastructure and computing power sector, supported by multiple company-level catalysts.

On the sector front, AI infrastructure stocks rallied collectively, with peer IREN rising 6.55% and AppLovin gaining 2.24%, reflecting strong sector-wide linkage effects. At the company level, TeraWulf recently partnered with Schneider Electric to deliver AI infrastructure solutions valued at over $290 million, and is working with Morgan Stanley to explore leveraged loan financing pathways to fund its AI data center buildout. Institutional price targets remain significantly above current levels, with Morgan Stanley assigning a $42 target and Bernstein setting a $36 target, reflecting continued confidence in the company's strategic pivot from bitcoin mining to AI data center operations.

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