The Compute Trade Heats Up: What's Really Driving TeraWulf and Applied Digital's Rise The recent surge in TeraWulf and Applied Digital's stock prices has left many wondering what's behind this sudden upswing.
While some may attribute it to a firmer crypto market or company specific catalysts, the primary driver is actually NVIDIA's blowout print from last week.
The tech giant's forward guidance has reignited the AI compute trade, and TeraWulf and Applied Digital are reaping the benefits as high beta proxies on this infrastructure cycle.