We recently published a list of 10 Firms Outperform Broader Market on Tuesday. In this article, we are going to take a look at where Core Scientific Inc. (NASDAQ:CORZ) stands against other firms that outperform broader market on Tuesday.
The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump’s new tariff rollout.
The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent.
Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.
In this article, we named Tuesday’s top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
A scientific researcher in a laboratory, examining a cell suspension using a microscope.
Core Scientific jumped by 10.50 percent on Tuesday to end at $8 apiece as investors resorted to bargain-hunting following two days of losses.
In recent news, CORZ announced the expansion of its existing footprint in Dalton, Georgia, with an additional 170 acres of land set for development.
The company is looking to build an AI data center called Dalton 4 in the area, close to its existing facilities, which it expects to open by July 2026.
According to reports, another facility is expected to be built in the future.
At present, CORZ boasts a 195MW footprint, with one of its data centers housing Nvidia Corp.’s DGX hardware.
CORZ is one of the leading companies in digital infrastructure for high-performance computing which provides facilities, digital infrastructure, software solutions, and services to its customers.
Overall, CORZ ranks 5th on our list of firms that outperform broader market on Tuesday. While we acknowledge the 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 as promising as CORZ but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
