StocksMedium•9 November 2026•
1 min read
TeraWulf Shares Rise on Revenue Beat and Alphabet Support for Anthropic Project
Key Facts
1TeraWulf shares rose following a revenue beat and analysts maintaining Buy ratings.
2Analysts cut price targets despite optimism regarding HPC growth and the Anthropic lease agreement.
TeraWulf shares rose after the company's revenue exceeded market expectations and analysts maintained Buy ratings on the stock. Benzinga reported that the market reacted positively to the financial performance and the strategic validation provided by Alphabet's credit backstop for the Anthropic lease, a $19 billion AI infrastructure project.
WULF closed at $11.37 on November 6, 2026, while GOOGL closed at $284.78 on the same date. Despite optimism regarding HPC growth and the Anthropic agreement, analysts noted a reduction in price targets while maintaining a positive outlook on the company's growth prospects within the infrastructure sector.