Core Scientific Upgraded to Buy Following Q2 Results and Deal With AMD
Freedom Capital Markets upgraded Core Scientific from Hold to Buy following its second-quarter financial results and a significant data center deal with Advanced Micro Devices (AMD). The upgrade came alongside news that Core Scientific secured more than 500 MW of power for its data centers through the agreement. Shares responded positively, surging over 20% by noon on Thursday. The move reflects growing confidence in Core Scientific's operational performance and strategic partnerships. Analysts at Freedom Capital Markets appear to view this development as a catalyst for future growth potential.
