List of Flash News about CORZ stock
Time | Details |
---|---|
2025-06-29 19:38 |
Core Scientific (CORZ) Stock Price Could Double to $30 on CoreWeave AI Deal, Cantor Fitzgerald Reports
According to @timnitGebru, financial analysts are highlighting a significant trading opportunity in the convergence of AI and crypto infrastructure. Cantor Fitzgerald projects that Core Scientific (CORZ) stock could surge to over $30 per share following a potential acquisition by AI cloud firm CoreWeave, a near-double from its recent price of over $16, as reported by The Wall Street Journal. This bullish valuation is based on a 12-year, $3.5 billion infrastructure deal between the two companies, which Cantor values at $24 per share, plus an additional $11.70 per share for the replacement value of CORZ’s power infrastructure. This move aligns with a broader trend identified by Rittenhouse Research, where crypto companies pivot from volatile Bitcoin (BTC) mining to providing stable, long-term cash flow from AI infrastructure. However, this strategy is not without risk, as seen with Bit Digital's 15% stock drop after shifting to Ethereum (ETH) staking and Canaan's stock falling to 63 cents after its AI chip unit shuttered. The successful convergence of AI and blockchain is also exemplified by firms like Daniela Amodei's Anthropic, valued at $61.5 billion, and Nkiru Uwaje's MANSA, which leverages stablecoins for fintech solutions. |