10 Big Names With Easy 10-30% Gains

8. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf bounced back by 11.02 percent on Tuesday to finish at $15.31 apiece, after a semiconductor giant placed further bets on the artificial intelligence sector through a billion-dollar funding in a cloud computing services provider.

TeraWulf Inc. (NASDAQ:WULF) mirrored the rally in technology stocks following news that Nvidia Corp. acquired a $2 billion stake in its counterpart, CoreWeave, reflecting stronger support for the development of the AI industry.

Viewed as a technology benchmark and the key enabler of the AI sector, Nvidia’s investment underscored confidence in the sector despite ongoing concerns of an AI bubble.

For its part, TeraWulf Inc. (NASDAQ:WULF) last year earned the backing of Fluidstack and Google after clinching an agreement with the two firms for the development of high-performance computing (HPC) capacity to support AI needs.

Initially, TeraWulf Inc. (NASDAQ:WULF) and Fluidstack inked an $8.7 billion deal for a 10-year leasing agreement from the former’s Lake Mariner campus in New York.

Eventually, the partnership deepened when both parties announced plans to jointly develop a 168-MW HPC facility in Abernathy, Texas.

Google, on the other hand, would provide a financial backstop to TeraWulf to support expansion initiatives.