AI scare turns software into hedge funds' US$24 billion profit machine [Wealth Professional (Canada)]
TeraWulf Inc. (WULF)
Company Research
Source: Wealth Professional
According to CNBC , short-sellers have made roughly US$24bn in gains as software's overall market value has shrunk by about US$1tn, based on S3 Partners data. Hedge fund sources told CNBC they are targeting companies that offer basic automation services they believe new AI tools can easily replicate. The iShares Expanded Tech-Software ETF (IGV) is down more than 21 percent year to date and sits about 30 percent below its all-time high from September last year. Within IGV, S3 data cited by CNBC show heavy short interest in TeraWulf and Asana, with more than 35 percent and 25 percent of their trading floats sold short respectively, while Dropbox and Cipher Mining sit at 19 percent and 17 percent. Intuit and DocuSign are each down more than 30 percent this year, and large holdings such as Microsoft, Oracle, Salesforce, Adobe and ServiceNow have all fallen between the mid-teens and more than 20 percent. As per Bloomberg , this is a software-specific drawdown rather than a broad
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WULF
News
- TeraWulf Schedules Conference Call for Fourth Quarter 2025 Financial ResultsGlobeNewswire
- TeraWulf: Doubling Capacity, Opens Up Opportunity [Seeking Alpha]Seeking Alpha
- TeraWulf's AI Data Center Pivot Gains Scale With Google Backing [Yahoo! Finance]Yahoo! Finance
- Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet [CNBC]CNBC
- TeraWulf (WULF) Jumps 10.14% as Firm Hints Expansion [Yahoo! Finance]Yahoo! Finance
WULF
Earnings
- 11/10/25 - Miss
WULF
Sec Filings
- 2/4/26 - Form SCHEDULE
- 2/2/26 - Form 8-K
- 1/30/26 - Form SCHEDULE
- WULF's page on the SEC website