5 Best Software Infrastructure Stocks to Buy Now

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

Number of Hedge Fund Holders: 76

On April 28, TheFly reported that Keefe Bruyette lifted the price target on Core Scientific, Inc. (NASDAQ:CORZ) to $28, up from $25, and reiterated an Outperform rating. Slightly above the one-year median price target of $27, the firm’s target reflects an upside potential of approximately 38% from the current level.

A day earlier, Core Scientific, Inc. (NASDAQ:CORZ) announced the expansion of its Pecos, Texas campus to nearly 1.5 gigawatts of gross power capacity, which is roughly 1.0 GW of leasable power. This is being done to transform its Pecos facility into a data center facility for AI infrastructure. With initial capacity planned for early next year, the interior foundational footings for the first data hall have already been finished.

As stated by CEO Adam Sullivan,

“By expanding in a market where we already control power, infrastructure, and operations, we can execute with speed to meet market demand.”

Overall, Core Scientific, Inc. (NASDAQ:CORZ) has consistently outperformed the benchmark. If we consider the YTD comparative return, the company delivered 39.77% versus the S&P 500’s 5.62%. This alone speaks volumes about the company’s operational momentum, making it one of the best software infrastructure stocks to invest in.

Core Scientific, Inc. (NASDAQ:CORZ) is a Delaware-based provider of infrastructure for high-density colocation services and digital asset mining. Founded in 2017, the company operates through Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining segments.