13 Most Promising New Technology Stocks to Buy According to Hedge Funds

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1. Core Scientific, Inc. (NASDAQ:CORZ)

Number of Hedge Fund Holders: 78

Core Scientific, Inc. (NASDAQ:CORZ) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. Wall Street has a mixed opinion on Core Scientific, Inc. (NASDAQ:CORZ) since the company delivered mixed results for its fiscal second quarter of 2025. The revenue of $78.63 million decreased 44.28% year-over-year and missed the estimates by $4.57 million. On the bright side, the EPS of negative $0.04 came in ahead of the consensus by $0.04.

Management noted that the decline in revenue was caused by a 62% decrease in bitcoin mined. This was partially offset by a 50% increase in bitcoin’s average price. Since the release, Wall Street has had a mixed opinion on Core Scientific, Inc. (NASDAQ:CORZ).

On August 23, Darren Aftahi from Roth MKM reduced the firm’s price target on the stock from $20 to $17, while reiterating a Hold rating. Later, on September 9, George Sutton from Craig-Hallum also reiterated a Hold rating on the stock without disclosing any price targets. More recently, on September 15, Gautam Chhugani from Bernstein reiterated a Buy rating on Core Scientific, Inc. (NASDAQ:CORZ) with a price target of $17.

Core Scientific, Inc. (NASDAQ:CORZ) provides digital infrastructure for high-density colocation and digital asset mining.

While we acknowledge the potential of CORZ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CORZ and that has 100x upside potential, check out our report about this cheapest AI stock.

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