Shares of TeraWulf jumped 8% after its CEO highlighted extremely strong power demand for AI data centers and pledged no shareholder dilution despite customers needing outside funding. Applied Digital and IREN also rose on the same power scarcity theme, reflecting the sector-wide rally in powered data-center capacity. Elon Musk's comments on power infrastructure limits for AI further boosted the stocks. TeraWulf's upcoming Lake Mariner data center delivery this quarter will be a key test of its growth execution.
TeraWulf's market cap stands at $5.99 billion as of Oct 22, 2026 01:21 WIB, with its shares up 8.20% on Pluang, reflecting strong investor interest in its power infrastructure story. Applied Digital also shows robust activity, with a market cap of $5.85 billion and a 9.65% gain on the day. Trading volumes are notable, with TeraWulf at 37.3 million shares and Applied Digital at 19.4 million shares, indicating active participation in these power-related tech stocks.
IREN's stock fell 6% before recovering slightly after its co-CEO reassured investors that the company has no debt on its data centers and that customer prepayments cover much of its GPU costs. This comes amid analyst warnings that many specialized AI...
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 ...
