Freedom Capital Markets upgrades CORZ to Buy following strong Q2 results and a 500 MW data center agreement with AMD.
Core Scientific (CORZ) received a Buy rating upgrade from Freedom Capital Markets after reporting second-quarter financial results and securing a more than 500 MW data center deal with AMD (AMD). The upgrade drove shares up over 20% in midday trading Thursday.
The company’s Q2 performance and the AMD partnership were cited as key catalysts for the rating change. Prior to the upgrade, CORZ had been rated Hold by the firm. The deal highlights Core Scientific’s expansion in high-performance computing infrastructure.
Shares surged in response to the news, reflecting investor optimism about the company’s growth prospects in the data center sector.