12 Best Young Stocks To Buy and Hold For 10 Years

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1. Core Scientific Inc. (NASDAQ:CORZ)

3-Year CAGR as of February 11: 27.93% 

Number of Hedge Fund Holders: 58

Core Scientific Inc. (NASDAQ:CORZ) provides digital asset mining services in North America. It offers blockchain infrastructure, software solutions, and data center mining facilities. It mines digital assets and provides hosting services for other bitcoin miners. These include equipment deployment, monitoring, and maintenance.

The company strengthened its presence in the high-performance computing (HPC) market by increasing its capacity. It repurposed 100 megawatts of infrastructure from bitcoin mining to HPC and secured a 12-year, 200-megawatt hosting contract with CoreWeave, using existing data centers, and infrastructure. CoreWeave is a cloud computing company specializing in high-performance computing for AI and other intensive workloads.

Core Scientific Inc. (NASDAQ:CORZ) has a competitive edge in the AI/HPC market thanks to its existing power infrastructure and data centers. Bernstein analyst Gautam Chhugani reiterated a Buy rating on the company with a $17 price target. Its hyperscaler status, power access, CoreWeave partnership, and rapid hybrid data center development support growth. While currently valued like a Bitcoin miner, 70% of its capacity is AI-focused, presenting an attractive investment opportunity.

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 timeframe. 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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