Pulse of The Market: Tuesday’s 10 Worst Performers

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1. Core Scientific Inc. (NASDAQ:CORZ)

Core Scientific dropped by 6.98 percent on Tuesday to finish at $8.66 apiece, in line with the broader lackluster market, as investors sold off positions while waiting for fresh catalysts to boost investing appetite.

In recent news, CORZ announced the expansion of its existing footprint in Dalton, Georgia with an additional 170 acres of land set for development.

The company is looking to build an AI data center called Dalton 4 in the area, close to its existing facilities, which it expects to open by July 2026.

According to reports, another facility is expected to be built in the future.

At present, CORZ boasts a 195MW footprint, with one of its data centers housing Nvidia Corp.’s DGX hardware.

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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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