TeraWulf (WULF) Drops 5% Ahead of Earnings

We recently published 10 Losing Stocks in an Otherwise Optimistic Market. TeraWulf Inc. (NASDAQ:WULF) was one of the worst performers on Wednesday.

TeraWulf slashed its share prices by 4.94 percent on Wednesday to close at $15.38 apiece as investors parked funds while waiting for the results of its earnings performance later this month, as well as further developments to bolster buying appetite.

According to the company, it is scheduled to release its financial and operating highlights in the fourth quarter and full-year 2025 after market close on Thursday, February 26.

Additionally, it would participate in eight upcoming conferences and events next month, including the Morgan Stanley Energy and Power Conference on March 2; the Citizens Technology Conference and the J.P. Morgan Global Leveraged Finance Conference, both on March 3; the Citadel Securities SMID Cap Generalist Conference on March 4; the Morgan Stanley TMT Conference on March 5; the Cantor Global Tech & Industrials Conference on March 10 and 11; the Nvidia GTC 2026 on March 16 to 19; and the Jefferies Virtual Power x Coin Conference on March 31.

Earlier this month, TeraWulf Inc. (NASDAQ:WULF) received an “overweight” rating and a $37 price target from Morgan Stanley, marking a 140-percent upside potential from its latest closing price.

According to Morgan Stanley, the company stands to benefit from its gradual transition to servicing the artificial intelligence sector from being a pure play bitcoin mining firm.

It said that once a miner has built a data center and signed a long-term lease contract with a creditworthy partner, the asset should be valued for its stability and ability to rake in cash flow in the long term.

While we acknowledge the potential of WULF as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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