Jim Cramer on TeraWulf: “It’s Pure Spec, But I Am a Believer”

TeraWulf Inc. (NASDAQ:WULF) is one of the stocks Jim Cramer recently commented on. Answering a caller’s query about the stock, Mad Money’s host said:

“Yeah, it’s a Bitcoin mining stock that people think is going to do far more than just Bitcoin, and they, I’ve gotta tell you, I’m a believer. It’s pure spec, but I am a believer.”

Photo by bitcoin executium on Unsplash

TeraWulf Inc. (NASDAQ:WULF) develops and operates bitcoin mining facilities and provides hosting services for digital asset mining. When a caller inquired about the stock during the October 27 episode and Cramer responded:

“Yeah, well, this isn’t, no look, if you want to have Bitcoin, the amazing thing about Bitcoin is you buy Bitcoin. I want you to sell Terawulf. Now, look, the shorts could rub it in my face, and there’s a big short position, 31%, and it could go up. But I don’t have any convictions, so I can’t tell you to buy it.”

While we acknowledge the risk and potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WULF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.