AI Stocks Dominate Wednesday’s 10 Worst Performers

1. Core Scientific Inc. (NASDAQ:CORZ)

Core Scientific dropped for a second day on Wednesday, losing 11.89 percent to end at $7.63 each, in line with its AI and Bitcoin mining counterparts.

As of this writing, the price of Bitcoin was down by 0.10 percent at $86,835 apiece, as traders disposed of positions after President Donald Trump announced a fresh round of tariffs on vehicles manufactured outside the US.

Meanwhile, CORZ was also dampened by bearish remarks from Alibaba (NYSE:BABA) Chairman Joe Tsai that the AI sector has become a bubble.

“I’m still astounded by the type of numbers that are being thrown around in the U.S. about investing into AI,” he said. “I think in a way, people are investing ahead of the demand that they’re seeing today, but they are projecting much bigger demand.”

CORZ is a company focused on digital infrastructure for high-value, innovative, networked digital solutions such as the Bitcoin Network, other digital assets, AI Compute, and others.

While we acknowledge the potential of CORZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CORZ but 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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