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.
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