After SpaceX filed its $2 trillion IPO – the largest market debut in history, with every major bank on Wall Street underwriting the deal – you can’t escape the headlines.

But buried inside SpaceX’s SEC filing is a number almost nobody is talking about…

Last quarter alone, SpaceX lost $4.28 billion.

Not because the business is struggling, because they're spending money as fast as they can on one thing… AI infrastructure.

The chips, the data centers, the computing systems required to run 7,000 satellites autonomously, power Tesla’s self-driving network, and build the next generation of artificial intelligence.

SpaceX is hemorrhaging billions trying to build the foundation its own ambitions require.

And they’re not alone.

Amazon, Google, Meta, and Microsoft have committed $700 billion this year alone to build exactly that same foundation.

All of it flowing through dozens of small technology companies that most Americans have never heard of.

The ones supplying what SpaceX, Tesla, and every other tech company on earth needs to function.

Everyone will chase the SpaceX IPO.

But the largest debut in stock market history doesn’t happen without the companies building the foundation underneath it.

Those companies are still trading for just a few dollars.

See the details here.

Chris Rowe

TeraWulf Bets on Power Infrastructure to Lead AI Build-Out

By Jeffrey Neal Johnson. Posted: 5/27/2026.

The artificial intelligence (AI) revolution isn't being built on silicon alone; it's being built on the electric grid. As hyperscale cloud providers and AI developers race to deploy next-generation computing, they are running into a hard physical limit: power.

The main constraint on AI expansion is no longer access to advanced chips, but access to reliable, scalable energy. Utility interconnection queues for new data center projects now stretch for five to seven years, creating a critical bottleneck that threatens to throttle the industry's growth.

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When the SpaceX IPO launches, most retail investors will be locked out. The banks, funds, and insiders get in early - while everyone else waits on the sidelines.

But one small infrastructure supplier - a critical piece Musk can't scale the Colossus network without - is still trading well under institutional radar. A new briefing reveals the name and ticker at no cost.

Get the SpaceX infrastructure stock name and ticker here

This structural power deficit is creating a new class of investment opportunities. The market is beginning to place a steep premium on companies that control large-scale, shovel-ready energy real estate. These digital infrastructure operators had the foresight to lock down gigawatt-scale grid connections, transforming what were once liabilities into some of the most valuable assets in the new digital economy.

AI's Thirst for Power Creates a New Asset Class

One operator that appears to have strategically positioned itself directly in the path of this demand is TeraWulf Inc. (NASDAQ: WULF). The digital infrastructure specialist recently catalyzed a market repricing after announcing the acquisition of the Muskie Data Campus in Eastern Kentucky. This is not just another land purchase; it's a hyperscale development site with the potential to deliver more than 1 gigawatt of high-performance computing capacity.

The critical details of the deal lie in the gigawatt figure and the execution. TeraWulf secured concurrent transmission and energy service agreements with Kentucky Power. A dedicated 345 kV substation connected to a robust 765 kV transmission network is already planned.

This move effectively allows TeraWulf to bypass the multi-year gridlock that nearly every other data center developer in the country faces, giving it a clear, accelerated path to power delivery. The initial 500 megawatts are slated to begin ramping up in the second half of 2028.

This acquisition follows TeraWulf's February 2026 purchase of a 250-acre site in Hawesville, Kentucky. Together, these actions reveal a deliberate agglomeration strategy focused on cornering utility-scale power access in a favorable energy market. Management is executing a pivot from its origins as a pure-play Bitcoin miner to becoming a foundational power infrastructure provider for the AI industry.

Understanding TeraWulf's Real Revenue

A surface-level glance at TeraWulf's recent financials could deter many investors. TeraWulf reported a significant earnings miss for Q1 2026, posting an EPS of -$1.01. A deeper look into TeraWulf's SEC filings, however, shows that this headline number was heavily distorted by non-cash accounting charges.

The quarterly results included a $216.3 million loss on the fair value of warrants and another $101.4 million in stock-based compensation. When these items are stripped out, the underlying operational picture becomes much clearer.

More importantly, the filings show that TeraWulf is already successfully monetizing its strategic shift. TeraWulf booked $21 million in high-performance computing lease revenue during the first quarter, providing tangible proof that its infrastructure is in demand and that the pivot to AI hosting is an active, cash-generating business, not a future promise. This early revenue validates TeraWulf's business model well before the massive Muskie campus comes online.

A Volatile Tug-of-War Is Brewing

This strategic transformation has created a fascinating dynamic in TeraWulf's stock. On one side, there is a significant block of skeptical investors. Short interest has swelled to 105.3 million shares, representing more than 25% of the available float. This level of bearish sentiment suggests a portion of the market remains unconvinced that TeraWulf can successfully finance and execute its ambitious gigawatt-scale buildout, especially given its leveraged balance sheet.

On the other side, institutional capital is flowing in. Recent filings show major asset managers like Vanguard and Oppenheimer have been aggressively accumulating shares. This creates a classic tug-of-war between short-sellers betting against TeraWulf's execution and institutional investors making a long-term bet on the intrinsic value of its power assets.

With average daily trading volume increasing, the days-to-cover ratio for short-sellers now sits at a tight 3.26 days. This creates a volatile setup in which sustained positive momentum or a new catalyst could trigger a short squeeze. Such an event would force bears to cover their positions by buying back stock, potentially accelerating a sharp upward price move.

Positioning for the Power Play: What's Next for TeraWulf?

TeraWulf's trajectory appears to be a clear case of a company skating to where the puck is going. The core investment thesis is no longer about Bitcoin's price, but about the escalating value of power-rich real estate in an energy-starved AI landscape. TeraWulf's ability to secure large-scale grid interconnections years ahead of competitors presents a distinct strategic advantage.

Potential risks, however, should not be overlooked. The execution and financing of a project of this magnitude are significant hurdles. The buildout of the Muskie campus will be capital-intensive, and the first phase of revenue is still several years away. This long-term timeline requires patience and a tolerance for potential volatility and share dilution, as TeraWulf is likely to raise capital to fund its expansion.

For investors with a higher risk tolerance, TeraWulf could represent a compelling, albeit speculative, way to gain exposure to the foundational infrastructure of the AI revolution. More cautious investors may prefer to add TeraWulf to a watchlist, monitoring its progress on securing financing and hitting key construction milestones for the Muskie campus before establishing a position.

2 Software Stocks Turning AI Fears Into Fundamental Gains

Reported by Dan Schmidt. Date Posted: 5/21/2026.

Software stock investors have had plenty of reasons to be bearish lately. New AI agents were expected to cut into valuable software revenue streams, and many analysts were ready to put the “per-seat” business model on life support. But in the months following the software stock meltdown, something interesting happened: those fears failed to show up meaningfully in earnings. In fact, many companies with supposedly at-risk recurring revenue streams saw sales growth accelerate in the first quarter of 2026, and these stocks are now trading well below their historical valuation levels.

Is it time to nibble on software stocks? Sentiment toward the sector remains very negative, and Morgan Stanley flagged SaaS debt as a concern, noting that 46% of software loans mature over the next four years. But the apocalyptic predictions appear to have been off base, and many software companies now see AI as a tailwind. We’ll focus on a pair of software stocks that suddenly look appealing from both a fundamental and technical perspective.

Software Stocks With Bullish Fundamental and Technical Signals

The #1 stock to buy BEFORE the June 12th filing (Ad)

When the SpaceX IPO launches, most retail investors will be locked out. The banks, funds, and insiders get in early - while everyone else waits on the sidelines.

But one small infrastructure supplier - a critical piece Musk can't scale the Colossus network without - is still trading well under institutional radar. A new briefing reveals the name and ticker at no cost.

Get the SpaceX infrastructure stock name and ticker here

The iShares Expanded Tech-Software Sector ETF (BATS: IGV) is still down more than 10% over the last 12 months, but the downtrend has been neutralized. Strong earnings have already boosted several companies in the space, including large caps like Oracle Corp. (NYSE: ORCL) and Fortinet Inc. (NASDAQ: FTNT). Software stocks are also starting to benefit from a tech sector rotation as investors look to move away from pricey memory and chipmaker stocks without exiting the market entirely. The following two companies both helped put a nail in the “AI will doom software” coffin with their Q1 2026 results.

Atlassian: Cloud Acceleration Blows Up Per-Seat Compression Thesis

One of the companies projected to take a hard hit from AI was Atlassian Corp. PLC (NASDAQ: TEAM), which develops digital tools for workflow management.

For investors, the pain was real, as the stock is down nearly 60% over the last 12 months. However, the company reported its fiscal Q3 2026 earnings on April 30, and AI is now looking more like a tailwind than a headwind.

Atlassian easily surpassed Q3 earnings and revenue estimates, with earnings per share (EPS) beating expectations by more than 20%. Revenue grew more than 30% year over year (YOY), but the adoption of the AI-powered assistant Rovo is what really caught the market’s attention. Millions of users have already adopted Rovo into their Jira or Confluence cloud workflows, and the results have been exceptional: clients using Rovo reported more than double the annual recurring revenue (ARR) of non-users. The stock jumped nearly 30% in the session following the earnings release, triggering several bullish technical signals.

The bearish momentum had been fading since the end of February, as evidenced by the bullish crossover on the Moving Average Convergence Divergence (MACD) indicator. MACD continued to show upward momentum through March and April before finally breaking above the histogram following the April 30 earnings pop. The stock now trades above its 50-day moving average for the first time all year, providing a solid technical backdrop to the company’s fundamental strength.

Datadog: Beneficiary of Hyperscaler Workload Outsourcing

Here’s a software stock that is actually making new all-time highs in 2026. Datadog Inc. (NASDAQ: DDOG) soared more than 30% following its Q1 earnings beat on May 7, and the stock continues to creep higher ahead of some technical catalysts.

The company’s Q1 2026 numbers eased concerns about AI bleeding sales: it posted over $1 billion in quarterly revenue for the first time and delivered an EPS beat of more than 17%. The company is also attracting more lucrative customers as hyperscalers outsource their workloads.

More than 4,500 customers reported annual recurring revenue of $100,000 or more, an increase of more than 20% YOY. Many of these high-value customers are using Datadog’s GPUs to outsource their AI model training environments, generating a massive, resilient revenue stream.

The stock received a wave of price target bumps following the report, including a new Street-high of $305 from Stifel Nicolaus.

DDOG shares have now surged past their previous November high and could soon get a boost from a wave of technical signals. Like TEAM, the MACD hinted at building bullish momentum before the earnings catalyst. Now that the breakout is underway, another technical catalyst is forming: a Golden Cross, which occurs when the 50-day moving average crosses above the 200-day moving average. The Golden Cross is often an “all clear” signal for algorithmic traders to open new positions, so more highs could be on tap for DDOG this summer.