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AI Data Center Stocks Slump as TeraWulf and Peers Extend Selloff

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • AI data center and hosting stocks including TeraWulf, IREN, and Applied Digital dropped 3% to 5%, extending month-long declines.
  • The slide reflects a sector-wide repricing of speculative AI infrastructure valuations and delayed revenue timelines stretching into 2027 and 2028, despite massive contracted backlogs.
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