Is TeraWulf Inc. (WULF) Among Tuesday’s Top Gainers?

We recently published an article titled 10 Firms Post Impressive Gains on Tuesday. In this article, we are going to take a look at where TeraWulf Inc. (NASDAQ:WULF) stands against the other firms.

Ten companies posted significant gains on Tuesday, mirroring the upward movement of two key Wall Street indices. The Dow Jones Industrial Average rose by 0.52%, while the S&P 500 edged up by 0.11%.

A combination of positive catalysts—including strategic partnerships, strong earnings reports, and favorable analyst outlooks—helped drive their performance. In this article, we highlight the top 10 gainers and explore the factors behind their impressive gains.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

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TeraWulf Inc. (NASDAQ:WULF)

Shares of TeraWulf Inc. (NASDAQ:WULF) on Tuesday grew by 7.12 percent to close at $5.57 apiece after a brokerage firm reaffirmed its positive stance in the company, maintaining a “buy” rating and a price target of $10 each.

Rosenblatt Securities said the positive outlook was in line with TeraWulf Inc. (NASDAQ:WULF)’s significant progress in its December 2024 production update, noting the company’s self-mining of 158 Bitcoin which contributed to an annual total of 2,728 Bitcoin.

The company’s stock price also traded higher in line with rising Bitcoin prices, which as of intra-day trading touched the $97,000 level.

Another analyst also highlighted the company’s remarkable growth, with revenues surging 131 percent in the last twelve months, projecting continued sales growth this year.

Overall WULF ranks 5th on our list of Tuesday’s top gainers. While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WULF but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.