Terawulf Inc. (NASDAQ:WULF) faced selling pressure ahead of Christmas, dropping 12.84% on Monday to close at $12.49 per share due to Bitcoin price decline and AI bubble worries. Bitcoin fell 2.27% to $86,168, leading to profit-taking. Oracle’s $108 billion AI investments raised concerns, affecting high-performance computing companies like Terawulf.

Investors are concerned about Oracle’s borrowing scale, questioning its ability to recover investments quickly. Terawulf Inc. (NASDAQ:WULF) saw continued trimming of positions due to the mandatory conversion of preferred shares to common shares, with each preferred share converted to 141.9483 common shares on December 9. CFO Patrick Fleury highlights the move as a step towards financial discipline.

While WULF shows investment potential, other AI stocks may offer higher returns with less downside risk. For a cheap AI stock benefitting from Trump tariffs and onshoring, check out the free report on the best short-term AI stock. Explore 30 stocks expected to double in 3 years and 11 hidden AI stocks for potential investment opportunities.

Read more at Yahoo Finance: Terawulf (WULF) Loses 12.8% on AI Concerns, Bitcoin Fall