Stock Surge
TeraWulf acquires Kentucky site for 1 GW AI data center
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TeraWulf announced the purchase of a Kentucky development site to support more than 1 gigawatt of AI and high-performance computing capacity. The bitcoin miner turned infrastructure developer saw its stock rise 13 percent following the news.
A recent surge in Tesla's stock price has prompted questions about whether it's too late for investors to buy in. One analyst reflects on incorrectly predicting the company's unprofitability sooner than expected, crediting Elon Musk for the surprise. Tesla's long-term prospects remain tied to its AI and robotics initiatives delivering profits.
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Elon Musk's net worth has surpassed $788.1 billion following a more than 4% rise in Tesla's stock price. The increase stems from Musk's statement at the World Economic Forum in Davos about expanding robotaxi services across the United States by year's end. This development reinforces Musk's position as the world's richest individual.