Core Scientific (CORZ) Stock Price Could Double to $30 on CoreWeave AI Deal, Says Cantor Fitzgerald | Flash News Detail
Core Scientific (CORZ) Skyrockets as AI Buyout Rumors Fuel $30 Price Target
The intersection of Bitcoin (BTC) mining and Artificial Intelligence (AI) is creating explosive trading opportunities, exemplified by Core Scientific’s (CORZ) recent market performance. Following a report from The Wall Street Journal that cloud compute provider CoreWeave is in advanced talks to acquire the Bitcoin miner, CORZ shares surged an astonishing 33% to close above $16 on Thursday. However, analysts at Cantor Fitzgerald believe the market is still significantly undervaluing the company. In a late Thursday research note, the firm posited that a potential acquisition could value Core Scientific at over $30 per share, suggesting…