Stock Track | Core Scientific Soars on Bullish Analyst Coverage and AI Pivot Prospects

Stock Track

Oct 28, 2024

Shares of Core Scientific, Inc. (CORZ) surged over 6% on Friday, fueled by a wave of positive analyst coverage and the company's strategic pivot toward providing data center services for the burgeoning artificial intelligence (AI) industry.

Jefferies analyst Jonathan Petersen initiated coverage on Core Scientific with a "Buy" rating and a $19 price target, citing the company's unique positioning to capture the surging demand from AI companies. According to Petersen, Core Scientific's large available power supply and strong data center development team make it well-equipped to tap into the rapidly growing AI market.

Additionally, Petersen noted that Core Scientific's existing bitcoin mining operations are profitable and becoming increasingly efficient. This strong operational foundation, combined with the potential to pivot toward AI data centers, has investors excited about the company's future prospects.

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(CORZ) surged over 6% on Friday, fueled by a wave of positive analyst coverage and the company's strategic pivot toward providing data center services for the burgeoning artificial intelligence (AI) industry.</p>\n\n<p>Jefferies analyst Jonathan Petersen initiated coverage on Core Scientific with a \"Buy\" rating and a $19 price target, citing the company's unique positioning to capture the surging demand from AI companies. According to Petersen, Core Scientific's large available power supply and strong data center development team make it well-equipped to tap into the rapidly growing AI market.</p>\n\n<p>Additionally, Petersen noted that Core Scientific's existing bitcoin mining operations are profitable and becoming increasingly efficient. This strong operational foundation, combined with the potential to pivot toward AI data centers, has investors excited about the company's future prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CORZ","symbol_name":"Core Scientific, Inc.","start_time":0,"source_url":"","article_id":"1155192894","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155192894","pubTimestamp":1730122472,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Core Scientific, Inc.  surged over 6% on Friday, fueled by a wave of positive analyst coverage and the company's strategic pivot toward providing data center services for the burgeoning artificial intelligence  industry.Jefferies analyst Jonathan Petersen initiated coverage on Core Scientific with a \"Buy\" rating and a $19 price target, citing the company's unique positioning to capture the surging demand from AI companies. 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