On September 17, Core Scientific, Inc. rose 6.04% in regular trading, trading at $17.22/share, with turnover of $21.1849 million.

On the news front, Bernstein released a research note highlighting tightening capacity allocation of 8 gigawatts on the Texas power grid, underscoring the competitive advantage held by crypto miners with secured power resources. Bernstein maintained its Outperform rating on Core Scientific, Inc. with a $32 target price, implying significant upside from the current share price.

The bullish outlook is supported by a series of recent strategic developments. The company completed a $444 million acquisition of Polaris DS, secured $600 million in committed senior secured credit facilities comprising a $100 million revolving credit facility and a $500 million letter of credit facility, and signed a landmark partnership with AMD for up to 2.5 gigawatts of data center capacity beginning with over 500 megawatts in the US. Multiple analysts maintain buy ratings, with B. Riley raising its target to $42 and Keefe Bruyette upgrading the stock to Outperform with a $28 target, reflecting growing confidence in the company's AI infrastructure pivot.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)