KBW has upgraded TeraWulf’s stock rating to "outperform," indicating a positive outlook on the company's performance. The investment firm believes that TeraWulf's strategic pivot towards artificial intelligence (AI) will serve as a significant catalyst for substantial growth in the near future. This shift in focus not only highlights TeraWulf's commitment to innovation but also positions the company to capture emerging market opportunities that are expected to drive sharp increases in revenue and overall market competitiveness.
source: https://www.coindesk.com/markets/2025/12/31/kbw-upgrades-terawulf-to-outperform-sees-ai-pivot-as-catalyst-for-sharp-growth