Quick Read – IREN spiked 16% and APLD jumped 9% in a technical rebound after both shed over 40% of their value in the past month; meanwhile, WULF added 7% in risk-on Monday morning trading action. – Applied Digital CEO Wes Cummins noted CoreWeave demand helped drive 139% revenue…
owth as hyperscaler capex climbed from roughly $400 billion to $700 billion. – Core Scientific posted 45% revenue growth with colocation surging 9x year-over-year, while IREN and TeraWulf still carry heavy losses despite the sector bounce. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Iren didn’t make the cut. Grab the names FREE today
Shares of AI infrastructure names are bouncing hard in early Monday trading, led by IREN (NASDAQ:IREN), up 17% to $39.28. Applied Digital (NASDAQ:APLD) is up 9% to $28.06, TeraWulf (NASDAQ:WULF) is up 7% to $19.44, and Core Scientific (NASDAQ:CORZ) is up 7% to $22.31. The moves come after a punishing stretch.
IREN shares fell 42% over the past month into Friday’s close, while APLD stock slid 43%, WULF shares dropped 35%, and CORZ stock lost 26%. Today’s bounce reads as a technical recovery rather than a fresh catalyst. A Bounce Off of Deeply Depressed Levels There is no confirmed news catalyst behind Monday’s rebound in the four former Bitcoin (CRYPTO:BTC) miners turned AI infrastructure operators.