10 Unstoppable Stocks That Could Double Your Money

3. Core Scientific Inc. (NASDAQ:CORZ)

1-Year Return: 134%

Upside Potential: 141%

Number of Hedge Fund Holders: 66

Core Scientific Inc. (NASDAQ:CORZ) operates large-scale, purpose-built facilities for digital asset mining and plays a pivotal role in blockchain infrastructure, software solutions, and related services. The company utilises its extensive fleet of mining machines to generate bitcoin for its portfolio while also providing hosting services for major bitcoin mining clients. Core Scientific’s share price has surged 134% over the past 12 months, marking an impressive performance.

Canaccord Genuity analyst Joseph Vafi reiterated a Buy rating and $17 price target on Core Scientific Inc. (NASDAQ:CORZ) in a March 12 report. The analyst highlighted the positive impact of CoreWeave’s recent $12 billion deal with OpenAI, reinforcing strong demand for AI cloud services. Given CoreWeave is Core Scientific’s largest customer, the partnership is expected to directly support its revenue base. Despite market concerns about potential cuts in Microsoft Corp.’s (NASDAQ:MSFT) data center spending, CoreWeave reported no decline in demand from Microsoft, its key client. Microsoft’s commitment to an $80 billion annual data center budget and CoreWeave’s IPO filing further underpin Core Scientific’s growth prospects.

Core Scientific Inc.’s (NASDAQ:CORZ) stock is down 44% year-to-date, driven by overall market volatility, weaker Q4 results, and changing dynamics in the crypto market. However, the stock still holds a consensus Buy opinion with a 1-year median price target of $19, reflecting a solid 140% upside.