8 Unstoppable Artificial Intelligence (AI) Stocks to Invest In

6) Core Scientific, Inc. (NASDAQ:CORZ)

Percentage Return Over 6 Months: ~58.1%

Average Upside Potential: ~30.5%

Number of Hedge Fund Holders: 58

Core Scientific, Inc. (NASDAQ:CORZ) has transitioned into an AI business by leveraging advanced infrastructure and expertise in HPC (high-performance computing). Analyst John Todaro of Needham maintained a “Buy” rating on the company’s shares, retaining the price objective of $18.00. The rating is backed by a combination of factors highlighting the company’s strategic positioning and operational expertise. The analyst lauded Core Scientific, Inc. (NASDAQ:CORZ)’s strong command of the HPC market and their operational and data center capabilities.

Furthermore, the company has expanded its presence throughout multiple states, enhancing capacity in mining and HPC. Core Scientific, Inc. (NASDAQ:CORZ)’s strategic transition during a surge in demand for AI and HPC infrastructure is truly noteworthy. Its existing power infrastructure and data centers offer a strong competitive advantage. Furthermore, the scarcity of power throughout the US grid makes Core Scientific, Inc. (NASDAQ:CORZ)’s assets increasingly valuable, offering an advantage in the AI/HPC space.

The increased demand for power in the AI sector marks the company’s infrastructure assets as critical resources. With a surge in demand for AI computing power, Core Scientific, Inc. (NASDAQ:CORZ)’s established infrastructure and power access place it well to address the demand ahead of competitors.