TeraWulf and Applied Digital shares jumped 6% and 5% respectively after NVIDIA reported record revenue and strong guidance for AI data center growth. NVIDIA's Q2 revenue of $96.2 billion beat expectations, with data center revenue up 117%, signaling robust hyperscaler spending on AI infrastructure. This demand boost benefits power and hosting operators like TeraWulf and Applied Digital, which provide capacity for AI workloads. Investors should watch for upcoming project milestones at both companies and remain cautious due to high stock volatility.
A new Neocloud ETF launched on August 6, 2026, focuses exclusively on companies renting AI compute infrastructure to hyperscalers, offering a more concentrated AI investment than the broad Invesco QQQ Trust (QQQ). While QQQ includes large tech firms ...
Crypto mining stocks climbed Tuesday following Bitcoin's surge above $80,000, hitting a three-month high before dipping below that level. Stocks like MARA Holdings, TeraWulf, and IREN Limited saw gains between 5% and 7%, outpacing broader digital inf...
