The Latest Breaking News from CORZ

Here's why Bitcoin mining stocks such as Core Scientific and Iris Energy could be poised to tap into the AI boom in the upcoming decade.

Bernstein initiated coverage of data center operator Iris Energy and bitcoin miner Core Scientific, noting potential in the transition to AI.

Last year has been painful for the stock market due to rampant inflation and rate hikes, where most tech stocks bore the brunt of massive selloffs. With elevated inflation and a looming recession, the market is expected to remain volatile in the near term. Hence, fundamentally weak stocks NVIDIA Corp.…

The Federal Reserve’s hawkish stance and growing recession odds have been fostering immense market volatility of late. Moreover, September job gains almost affirm the Fed’s aggressive rate hike in the upcoming meeting. Given a highly volatile market backdrop, we think it could be wise to avoid fundamentally weak, high-volatility stocks…