From 24/7 Wall St. · David Moadel · · 1m 20s
AI Stocks Rally as Selloff Reverses
AI infrastructure stocks rebound after steep selloff with Applied Digital up 8% and TeraWulf rising 6%.
In brief
AI infrastructure stocks rebound after steep selloff with Applied Digital up 8% and TeraWulf rising 6%. AI infrastructure stocks rebound as Applied Digital jumps 8%, TeraWulf and IREN rise 6% after last week's selloff. Originally reported by 24/7 Wall St..
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.
What matters most
AI infrastructure stocks rebound as Applied Digital jumps 8%, TeraWulf and IREN rise 6% after last week's selloff.
