Top 10 AI Trending News on Wall Street

3. TeraWulf Inc. (NASDAQ:WULF)

Number of Hedge Fund Holders: 43

TeraWulf Inc. (NASDAQ:WULF) is a digital asset technology company that develops and operates sustainable facilities for Bitcoin mining and AI/HPC applications. The company provides data center infrastructure designed for Artificial Intelligence (AI) and High-Performance Computing (HPC) applications. On March 3, Kevin Cassidy of Rosenblatt reiterated a Buy rating on the stock with a $10 price target.

The Buy rating comes just days after TeraWulf Inc. (NASDAQ:WULF) delivered solid fourth quarter and full year 2024 results on achieving significant financial and operational milestones. Full-year revenue was up by 102%, amounting to $140.1 million, driven by increased bitcoin production. Adjusted EBITDA nearly doubled to $60.4 million from $31.9 million delivered in 2023. During the year, TeraWulf expanded into the digital infrastructure market, focusing on AI and HPC hosting. The expansion and diversification drive is part of the company’s bid to generate $1 billion in cumulative revenue over 10-year contract terms.