Terawulf is trading 11.01% higher at $12.81 on October 15 after an intraday rebound; available reports do not establish a specific cause.
- Morgan Stanley reiterated its Overweight rating and $65 price target, but reports do not show that the note drove the rebound.
- Inflation and financing concerns have pressured technology and AI-infrastructure shares. Bitcoin is up 0.96% and Ethereum 0.79% over 24 hours; neither clearly explains Terawulf’s larger gain.