Jim Cramer Urges to “Ring the Register” on Core Scientific Stock

Core Scientific, Inc. (NASDAQ:CORZ) is one of the stocks on Jim Cramer’s radar. When a caller asked about the company, Cramer replied:

“Well, but you know… remember, they’re selling themselves to CoreWeave, so you can just sell it tomorrow and ring the register. Why not ring the register? You’re not an arbitrageur and neither am I.”

Jim Cramer Urges to "Ring the Register" on Core Scientific Stock

A closeup of a finger resting on a stock chart as investors carefully examine the market.

Core Scientific, Inc. (NASDAQ:CORZ) provides digital asset mining and hosting services, managing its mining operations and supporting customers with infrastructure, equipment, and maintenance. The company offers power, software, and facility solutions to optimize blockchain transaction processing. In December 2024, Cramer said:

“Yeah, I’ll tell you… if you think that today was a seminal market, in other words, that the Fed did something that is gonna make people very nervous, this stock will go down for maybe a couple [of] days. It is very intriguing, but remember, it’s losing money. Losing money stocks will not do well in this newer environment. So let’s be careful before we buy more of that stock.”

While we acknowledge the risk and potential of CORZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CORZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.