AI infrastructure stocks are recovering after a recent selloff, led by power-backed data center companies. Applied Digital shares rose 8%, while TeraWulf and IREN increased by around 6%. The rebound follows concerns over financing that had pressured the sector last week. TeraWulf is shifting from crypto mining to AI leasing, with major contracts like a 20-year lease with Anthropic worth $19 billion. The sector's growth is driven by rising data center power demand, expected to reach 12% of U.S. electricity use by 2028. Investors remain cautious as new capacity from TeraWulf's projects is not expected until late 2027 or beyond.
Applied Digital leads gains on Pluang with an 8.53% rise to USD 19.59 as of Oct 19, 2026 19:43 WIB, reflecting strong investor interest in AI infrastructure stocks. TeraWulf also climbed 6.08% to USD 12.39, supported by its strategic shift to AI leasing. These moves come as the sector rebounds from last week's financing concerns, with TeraWulf's market cap at $5.83B and Applied Digital's at $5.46B on Pluang.
