TeraWulf Inc. (NASDAQ:WULF) is among the 12 Best Performing Stocks in the Last 3 Months. On October 28, Oppenheimer initiated protection on TeraWulf Inc. (NASDAQ:WULF), giving the inventory an Outperform score and setting the worth goal at $20.
Oppenheimer highlighted TeraWulf Inc.’s (NASDAQ:WULF) give attention to changing into a high-performance computing (HPC) AI infrastructure firm.
The analysis agency famous that TeraWulf Inc. (NASDAQ:WULF) has high-quality land with low-cost renewable electrical energy and fiber networks. This has helped the corporate win contracts with main AI business purchasers.
Oppenheimer identified that demand for AI infrastructure has grown quicker than anticipated during the last three years. The agency expects information heart demand to develop 18% every year for the following 5 years. Oppenheimer believes there’s a large scarcity of about 20%, or 15 gigawatts, of capability.
In keeping with Oppenheimer’s evaluation, TeraWulf Inc. (NASDAQ:WULF) presently has 1.2 gigawatts of area and energy stock. The corporate has contracts for over 400 megawatts of capability and 250 megawatts of Bitcoin mining capability that may be transformed.
TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates industrial-scale information heart infrastructure within the US that’s designed particularly for Bitcoin mining and high-performance computing (HPC) internet hosting.
Whereas we acknowledge the potential of WULF as an funding, we imagine sure AI shares supply higher upside potential and carry much less draw back threat. In the event you’re in search of a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the best short-term AI stock.
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