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CORZ, WULF and APLD Stocks Set to Boom? Thank AI/ Bitcoin Data Centers
TeraWulf TeraWulf (US:WULF) ZACKSยท2024-09-24 15:06

Group 1: AI and Internet Comparison - The article highlights that artificial intelligence (AI) is poised to have a more significant impact than the internet, personal computers, or phones, with Bill Gates stating it is the most exciting innovation of his lifetime [2] Group 2: Bitcoin as an Asset Class - Bitcoin has emerged as the top-performing asset class of the decade, with gains exceeding 6,000% since its inception [3] - Blackrock launched the iShares Bitcoin Trust ETF in January 2024, indicating continued institutional interest in Bitcoin [4] Group 3: Companies Benefiting from Bitcoin Mining and AI - TeraWulf is focused on sustainable Bitcoin mining using clean energy sources and is positioned to benefit from the growing demand for clean energy in data centers [5][6] - Core Scientific is a leading Bitcoin mining company, having mined more Bitcoin than any other public company over the past three years [8] - Applied Digital has seen a significant increase in share value following a $160 million deal with Nvidia to enhance its digital infrastructure for high-performance computing [10] Group 4: Future Trends - The article concludes that data centers, AI, and Bitcoin mining are expected to be multi-year megatrends, with companies like Core Scientific, TeraWulf, and Applied Digital set to benefit in the long term [12]