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Core Scientific, Inc. (NASDAQ:CORZ) is one of the best bitcoin stocks to buy now. On April 9, Cantor Fitzgerald raised the price target on Core Scientific, Inc. (NASDAQ:CORZ) to $29 from $25, maintaining an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy, and in this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.

In a separate development, Core Scientific, Inc. (NASDAQ:CORZ) announced on March 23 that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility. Management added that this brings total funded commitments under the Facility to $1.0 billion, including the previously announced $500 million commitment from Morgan Stanley.

Core Scientific, Inc. (NASDAQ:CORZ) operates digital infrastructure for Bitcoin mining and high-performance computing. It operates specialized, purpose-built facilities for digital asset mining. The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account, and also provides hosting services for Bitcoin mining and high-performance computing customers at several US-based operational data centers.

While we acknowledge the potential of CORZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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