Core Scientific (Corz) Top AI Pick in Bitcoin (BTC) Miners Despite DeepSeek’s deplocation: Bernstein
Bernstein remains bullish on Core Scientific (Corz) even after sharing Fall 30% earlier this week while the Chinese Artificial Intelligence (AI) startup challenged the idea that Bitcoin (BTC) miners (BTC) were of value while playing the data center.
The slide means the stock is now available in a deep discount, the broker said in a research report Thursday.
The Core Scientific is the “Pack Leader” of AI-focused miners, the report said, with 1.3 Gawinatt (GW) of available power supply and a 12-year You have a hill with a coreweave.
“Bitcoin miners have a 12-18-month-bound window to produce a hybrid data data, while Hyperscaler Capex remains consistent,” written by analysts led by Gautam Chhugani.
Bernstein said the core scientific was on track to deliver the first cluster of data centers in the first half of the year, and the company will continue to buy and develop new power sites.
The stock is now trading closer to Bitcoin mining values than the data center values, “despite 70% of its capacity allocated to AI,” according to the report.
Bernstein has an outperform rating on Core Scientific sharing with a price target of $ 17.
The stock was 3.8% above $ 11.90 in early trading.
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