Movement Alert|TeraWulf Inc. Intraday Rise 6.79% in Regular Trading, Bank of America Initiates Buy Rating Combined with AI Infrastructure Sector Rally

Market Focus
Jun 15

On June 15, TeraWulf Inc. rose 6.79% in regular trading, trading at $27.34/share, with turnover of $155 million.

On the news front, Bank of America Securities issued a buy rating on TeraWulf with a target price of $34. According to FactSet, analysts have an average target price of $35.42, significantly above the current stock price. Additionally, Morgan Stanley maintains a $42 target and Bernstein holds a $36 target, reflecting broad institutional confidence in the company's pivot from bitcoin mining to AI data center infrastructure.

At the sector level, AI infrastructure and computing power stocks rallied collectively. IREN rose 2.84%, Strategy gained 6.11%, and Palantir Technologies advanced 2.95%, demonstrating strong sector linkage. The company recently partnered with Schneider Electric to deliver over $290 million in AI infrastructure solutions and is exploring leveraged loan financing with Morgan Stanley to expand its funding toolkit for data center buildout.

(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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