Core Scientific Receives Positive Rating Upgrade from Macquarie
The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.
Core Scientific has recently been upgraded to outperform by Macquarie, following the failed merger with CoreWeave. The financial institution sees significant potential in Core Scientific, citing more than 50% upside.
This upgrade comes as a nod to the company's strategic direction and performance in the market. Core Scientific's focus on AI infrastructure has captured the attention of investors and analysts alike, positioning the company for growth in the evolving tech landscape.
Despite the setback with the failed merger, Core Scientific's resilience and adaptability have not gone unnoticed. The positive rating from Macquarie reflects confidence in the company's future prospects and its ability to deliver value to shareholders.