Core Scientific (CORZ) Upgraded to Buy as Roth Assumes No CoreWeave Deal

Core Scientific, Inc. Overview - Core Scientific, Inc. (NASDAQ:CORZ) is gaining attention as an AI stock on Wall Street, with an upgrade from Roth analyst Darren Aftahi from "Neutral" to "Buy" and a price target increase from $17 to $23.50 [1] - The upgrade is based on the assumption that there will be no deal with CoreWeave, as there is increasing activity against the deal and CoreWeave has stated its bid is "best/final" [1] Business Transition and Strategy - Core Scientific is shifting to a standalone business model, focusing on leasing its power pipeline primarily for high-performance computing (HPC) [1] - The company is raising its stock rating to "Buy" based on a mix of discounted net present value (NPV) from its lease with CoreWeave, approximately 700MW of uncontracted power, and its remaining Bitcoin (BTC) power [1] Market Position and Future Outlook - The transition into an AI business is supported by leveraging advanced infrastructure and expertise in HPC [1] - While Core Scientific shows potential as an investment, there are other AI stocks that may offer greater upside potential and less downside risk [2]