Top Reasons Why CORZ Stock Price is in a Freefall
CORZ stock price has nosedived in the past few days, erasing billions of dollars in value. Core Scientific plunged to $15, down by 36% from its highest point this year, lowering its market capitalization from $7.1 billion to $4.6 billion.
Reasons Core Scientific Stock is Crashing
There are at least four main reasons why the CORZ stock price is in a free fall. First, the decline is because of the recent decision by its investors to reject the $9 billion acquisition by CoreWeave, one of the biggest companies in the AI data center industry.
Many investors argued that the offer undervalued its business, which they expect will continue doing well in the coming years as the data center industry grows….
