Movement Alert|TeraWulf Inc. Rises 5.13% in Regular Trading, AI Infrastructure Momentum and Analyst Coverage Continue to Drive Gains

Market Focus
13 hours ago

On June 18, TeraWulf Inc. rose 5.13% in regular trading, reaching $29.355/share, with turnover of $332 million.

On the news front, the stock continues to benefit from recent positive analyst coverage and AI infrastructure sector strength. Bank of America initiated coverage on TeraWulf with a Buy rating and a $34 price target, while FactSet data shows analysts' average target price stands at $35.42, significantly above current levels. Morgan Stanley has a $42 target and Bernstein a $36 target, reflecting broad institutional confidence in the company's strategic pivot from bitcoin mining to AI data center operations.

Among AI infrastructure peers, IREN Ltd rose 3.49% during the session, indicating continued sector tailwinds. TeraWulf's recent partnership with Schneider Electric to deliver over $290 million in AI infrastructure solutions and its exploration of leveraged loan financing with Morgan Stanley further support the growth narrative. The stock has gained over 143% year-to-date as the company repositions itself as a vertically integrated owner and operator of HPC data centers supporting AI and machine learning workloads.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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