We recently published a list of Why These 10 Firms Recorded Double-Digit Gains Last Week. In this article, we are going to take a look at where Core Scientific Inc. (NASDAQ:CORZ) stands against other firms that recorded double-digit gains last week.
Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite.
Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent.
In this article, we have listed last week’s top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior.
To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume.
Copyright: kadmy / 123RF Stock Photo
Core Scientific Inc. (NASDAQ:CORZ)
Core Scientific jumped by 25.3 percent week-on-week to finish Friday’s trading at $8.31 versus the $6.63 registered on April 17 as investors snapped up shares ahead of the release of its first quarter earnings performance on Wednesday, May 7, 2025.
Core Scientific Inc. (NASDAQ:CORZ) registered four straight days of gains during the week, reflecting investor confidence helped by news of higher Bitcoin production last month.
According to the company, it was able to self-mine 247 Bitcoins as of end-March, marking a 15-percent increase from only 215 Bitcoins in February.
In other news, Core Scientific Inc. (NASDAQ:CORZ) announced plans to expand its existing footprint in Dalton, Georgia, with an additional 170 acres of land set for development.
The company said it was 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.
Overall, CORZ ranks 5th on our list of firms that recorded double-digit gains last week. While we acknowledge the potential of CORZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CORZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
