Stock Track | Core Scientific Soars on Major AI Computing Contract Win

Stock Track
2024-10-22

Shares of Core Scientific, Inc. (CORZ), a leading provider of data center solutions and high-performance computing (HPC) infrastructure, soared by 5.73% on Monday, fueled by a significant contract win in the rapidly growing artificial intelligence (AI) market.

The surge was driven by Core Scientific's announcement that CoreWeave, an AI startup and hyperscaler, has exercised its final option to contract for an additional 120 megawatts (MW) of digital infrastructure from Core Scientific. This expansion brings the total HPC infrastructure contracted by CoreWeave from Core Scientific to a substantial 500 MW, highlighting the company's pivotal role in supporting the burgeoning AI industry's demand for compute workloads.

The new contract is expected to add approximately $2 billion in cumulative revenue over the 12-year term, further bolstering Core Scientific's revenue streams and positioning it to capitalize on the AI boom. With the AI industry's relentless growth trajectory, this strategic move could unlock significant long-term growth prospects for the company.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10