# AI Stocks Rally as Selloff Reverses

> AI infrastructure stocks rebound after steep selloff with Applied Digital up 8% and TeraWulf rising 6%.
- Title: AI Stocks Rally as Selloff Reverses · 24/7 Wall St. | Shortify
- Summary: AI infrastructure stocks rebound after steep selloff with Applied Digital up 8% and TeraWulf rising 6%. AI infrastructure stocks rebound as Applied Digital…
- Keywords: ai infrastructure stocks, terawulf, applied digital, iren, data centers, ai leasing, power-backed data centers, selloff reversal, Stocks, Rally, Selloff, Reverses
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/19/ai-infrastructure-stocks-rally-as-selloff-reverses-applied-digital-jumps-8-terawulf-and-iren-rise-6
- Author: David Moadel
- Published: 2026-10-19T13:02:19+00:00
- Read time: 1 min
- Topics: ai infrastructure stocks, terawulf, applied digital, iren, data centers, ai leasing, power-backed data centers, selloff reversal
## AI Infrastructure Stocks Rally
AI infrastructure stocks rebound after steep selloff with Applied Digital up 8% and TeraWulf rising 6%.
## TeraWulf Stock at $12.42
TeraWulf stock is at $12.42, up 6% in morning trading, moving in step with the sector’s other power-backed data center builders.
## Applied Digital Stock at $19.54
Applied Digital stock is at $19.54, up 8%, a bigger gain than TeraWulf shares are posting.
## IREN Limited Shares at $28.41
IREN Limited shares are up 5% to $28.41, nearly keeping pace with TeraWulf stock.
## Financing Fears Give Way to Rebound
Last week brought a steep selloff across AI infrastructure and neocloud stocks as financing concerns swept through the group.
## TeraWulf's Liquidity and Capital
TeraWulf has $3 billion in cash and restricted cash as of June 30, with $1.7 billion in remaining project spending.
## Shift from Bitcoin to AI Leasing
High-performance computing leases generated over 70% of TeraWulf’s total revenue in Q2 2026, up from zero a year earlier.
## TeraWulf's Muskie Campus Expansion
TeraWulf doubled power commitment for Muskie data center campus in Kentucky under expanded agreement with Kentucky Power.
## Key takeaway

AI infrastructure stocks rebound as Applied Digital jumps 8%, TeraWulf and IREN rise 6% after last week's selloff.