TeraWulf Inc. (WULF) Shares Retreat as Investors Reassess AI Data Center Growth Prospects

What happened: Polen Capital's Q3 2026 small-mid growth letter named TeraWulf Inc. (NASDAQ:WULF) among its principal detractors, as the stock gave back part of its first-half AI infrastructure gains. Key numbers: Polen strategy returned -12.52% net in Q3 2026 vs -10.35% for the Russell 2500 Growth Index. WULF one-month return -28.34%. 52-week range $10.35 to $29.84. Why it matters: The letter attributes the pullback to investor scrutiny of how quickly new data center capacity will be monetized, while Polen frames the move as a valuation reset rather than weaker AI demand. Market: -0.9% today ($125.87), -30.6% YTD, 0.3x vol — as of 15:47 UTC

Polen Capital's Q3 2026 small-mid growth letter named TeraWulf Inc. (NASDAQ:WULF) among its principal detractors, as the stock gave back part of its first-half AI infrastructure gains.

The letter attributes the pullback to investor scrutiny of how quickly new data center capacity will be monetized, while Polen frames the move as a valuation reset rather than weaker AI demand. Market: -0.9% today ($125.87), -30.6% YTD, 0.3x vol — as of 15:47 UTC