Terawulf (WULF) Loses 10.9% on AI Selloff

We recently published 10 Big Names Investors Are Dumping. Terawulf Inc. (NASDAQ:WULF) is one of the worst performers on Wednesday. Terawulf fell by 10.93 percent on Wednesday to close at $11.57 apiece as investors trimmed their positions in AI-linked stocks over fears about their heavy spending on the industry. The drop was triggered by Blue Owl Capital’s withdrawal of its $10 billion financial backing for Oracle Corp.’s data center project in Michigan, amid the latter’s scale of borrowing to fund its AI ...