10 Must-Buy Non-Tech Stocks to Invest In

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1. TeraWulf Inc. (NASDAQ:WULF)

Year to date Gain: 121.43%

Stock Upside Potential: 96.01%

Number of Hedge Fund Holders: 26

Terawulf Inc. (NASDAQ:WULF) is a must-buy non-tech stock to invest in. On November 11, ROTH MKM reiterated a Buy rating on the stock and raised the price target to $26 from $24. The buy stance is in response to the company developing its high-performance computing infrastructure.

The research firm expects the company to ink additional HPC contracts at its existing and future sites as part of its expansion plans. The company could have more than five execution ready sites in addition to its 366MW site. The addition of new sites could result in the company’s capacity exceeding 100MW, providing sufficient power capacity to meet customer demand.

Likewise, analysts at B. Riley have raised the stock’s price target to $23 from $22 while reiterating a Buy rating, impressed by solid third-quarter results that beat expectations. The research firm has echoed the company’s growth prospects, noting its target of annual HPC contracts between 250 and 500 MW as it also advances site acquisitions and financing plans.

TeraWulf Inc. (NASDAQ:WULF) is an American digital infrastructure company that develops, owns, and operates data centers for high-performance computing (HPC), artificial intelligence (AI) applications, and proprietary Bitcoin mining. The company’s business model is shifting from its traditional focus on Bitcoin mining to providing AI infrastructure, which offers a higher-margin, more stable revenue stream. The buy stances.

While we acknowledge the potential of WULF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WULF and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Best Canadian Penny Stocks to Buy Right Now and 10 Best Mexican Stocks to Invest In.

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