TeraWulf Jumps 6% as NVIDIA's Guidance Reignites the Compute Trade, Applied Digital Gains 5%
TeraWulf shares rose 6% to $16.90 in Thursday morning trading, while peer Applied Digital climbed 5%, with both stocks benefiting from a read-across driven by NVIDIA's guidance that reignited investor interest in the compute trade.
Why it matters — A WULF watcher would care because NVIDIA's guidance serves as a sector-wide catalyst that can boost sentiment and trading momentum for compute-related stocks like TeraWulf.