Core Scientific (CORZ) Stock Analysis: Cantor Fitzgerald Sees $30+ Price Target on AI Pivot and CoreWeave Buyout Buzz, Contrasting with Canaan’s (CAN) Retreat to Bitcoin (BTC) Mining | Flash News Detail
The intersection of cryptocurrency mining and artificial intelligence is creating seismic shifts in market valuations, with Core Scientific (CORZ) emerging as a prime example of a potentially lucrative strategic pivot. Following a report from The Wall Street Journal that cloud AI firm CoreWeave is in advanced talks for an acquisition, CORZ shares surged an impressive 33% to close above $16 on Thursday. However, analysts at Cantor Fitzgerald suggest the market is still significantly undervaluing the company. In a research note, the firm posited that Core Scientific could command a buyout price exceeding $30 per share, a near-double from its current trading level. This bullish valuation isn’t based on…
