10 Best US Stocks Under $10 to Buy Right Now

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1. Core Scientific Inc. (NASDAQ:CORZ)

Share Price as of March 24: $8.51

Number of Hedge Fund Holders: 66

Core Scientific Inc. (NASDAQ:CORZ) specializes in digital asset mining services and offers infrastructure, software, and hosting solutions across the US. It operates through self-mining, hosted mining, and HPC hosting segments. It provides data center facilities, miner deployment & management, and essential infrastructure services to support blockchain transactions and digital asset operations.

The company recently secured an $8.7 billion, 12-year contract with CoreWeave for 500 megawatts. This translated to $725 million in annual revenue, which surpassed its 2024 total revenue of $500 million. This came primarily from Bitcoin mining. The company has expanded its CoreWeave agreement by 70 megawatts in Denton, which added $1.2 billion in contracted revenue. This brought the total contracted value to over $10 billion. The company expects 250 megawatts to be online by the end of 2025, and the full 590 megawatts by early 2027.

The company is diversifying its HPC customer base and is aiming for CoreWeave to represent less than 50% of its critical IT load by 2028. Additionally, Core Scientific Inc. (NASDAQ:CORZ) is pursuing organic expansion and is targeting an additional 300 megawatts at existing sites by 2027. It’s exploring strategic M&A opportunities to further expand capacity and diversify revenue streams. The current strategy involves funding $1.5 million in capital expenditures per megawatt for new deals.

While we acknowledge the growth potential of Core Scientific Inc. (NASDAQ:CORZ), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CORZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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