Why Core Scientific (CORZ) is a Top Oversold NASDAQ Stock to Buy in 2025

By: Sayan

Published on: May 01, 2025

Key Takeaways

• Core Scientific, Inc. (NASDAQ:CORZ) has plummeted -41.35% YTD, yet analysts forecast a 124.51% upside potential.


• The company operates Bitcoin mining facilities and AI-driven data centers, with a groundbreaking partnership generating $851M/year in revenue.


• Jefferies maintains a Buy rating with a $14 price target, citing undervalued growth in AI infrastructure.


• 66 hedge funds held CORZ as of Q4 2024, signaling strong institutional confidence.


• Market Outlook: Why Oversold Stocks Like CORZ Could Surge

Wells Fargo CIO Darrell Cronk shared critical insights on CNBC’s Squawk on the Street (April 28, 2025):

• Growth fears overshadow inflation concerns.


• Tariffs are short-term inflationary shocks, not sustained pressures.


• The Fed’s cautious rate-cut strategy could stabilize markets if executed thoughtfully.


• Weak earnings guidance: Only 20% of S&P 500 companies provided forward outlooks, raising red flags.

In this climate, oversold stocks like CORZ may rebound as demand for AI infrastructure and Bitcoin mining accelerates.

Why Is Core Scientific (CORZ) Down in 2025?

Core Scientific, Inc. (NASDAQ:CORZ) operates in two high-growth sectors:
✅ Bitcoin Mining: Owns 8 U.S. data centers for mining and hosting.
✅ AI Infrastructure: Partners with hyperscalers like CoreWeave for high-performance computing.

Despite its strategic positioning, CORZ has faced:

• Broader tech sector volatility.


• Temporary skepticism around Bitcoin’s price stability.

Analysts See Explosive Upside for CORZ

Jefferies analyst Jonathan Petersen reaffirmed a Buy rating on April 23, 2025, with a $14 price target (124% upside). Key drivers:

• $851M/year CoreWeave Deal: A partnership to expand AI infrastructure, leveraging unused capacity.


• Hyperscaler Demand: Expertise in data centers positions CORZ to win contracts with cautious tech giants.


• Strategic Expansion: New sites in Auburn, AL, and increased power capacity to meet AI demand.

Petersen emphasizes the market is undervaluing CORZ’s growth potential, calling its stock a “hidden gem.”

Hedge Funds Are Betting Big on CORZ

As of Q4 2024, 66 hedge funds held positions in Core Scientific (NASDAQ:CORZ).

Why follow hedge funds?

• Our research shows copying top hedge fund picks beats the market.


• Our quarterly newsletter strategy (14 stocks/quarter) has delivered +363.5% returns since 2014, outperforming the S&P 500 by 208 percentage points.

CORZ vs. Other Oversold NASDAQ Stocks

While CORZ ranks high on our oversold list, AI stocks may offer faster gains.

???? Looking for an AI stock with 10x potential?
Explore our report on the most undervalued AI stock trading below 5x earnings.

Final Verdict: Should You Buy CORZ Now?

✅ Pros:

• 124% upside based on analyst targets.


• Dual exposure to Bitcoin and AI infrastructure booms.


• Institutional backing from 66 hedge funds.

⚠️ Risks:

• Bitcoin price volatility.


• Execution risks in scaling AI partnerships.

CORZ is a high-risk, high-reward play for investors bullish on blockchain and AI convergence.

Happy Trading