Why Core Scientific Inc. (CORZ) Went Up On Friday

We recently published a list of These 10 Firms Led Friday’s Rally, Here’s Why. In this article, we are going to take a look at where Core Scientific Inc. (NASDAQ:CORZ) stands against other firms that led Friday’s rally.

The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment.

The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively.

Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains.

To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.

Why Core Scientific Inc. (CORZ) Went Up On Friday

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Core Scientific Inc. (NASDAQ:CORZ)

Core Scientific jumped by 10.36 percent on Friday, a fourth straight day, as investors repositioned portfolios ahead of the release of its first quarter earnings performance on Wednesday, May 7, 2025.

CORZ, a digital infrastructure company for high-performance computing and Bitcoin mining, reported a higher number of self-mined Bitcoins last month, at 247 versus 215 in February.

In recent news, Core Scientific Inc. (NASDAQ:CORZ) announced plans to expand its existing footprint in Dalton, Georgia, with an additional 170 acres of land set for development.

The company said it was 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.

Overall, CORZ ranks 1st on our list of firms that led Friday’s rally. While we acknowledge the potential of CORZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.

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

Disclosure: None. This article is originally published at Insider Monkey.