{"id":1795,"date":"2024-10-29T07:46:40","date_gmt":"2024-10-29T07:46:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1795"},"modified":"2024-10-29T07:46:40","modified_gmt":"2024-10-29T07:46:40","slug":"after-300-stock-rally-jefferies-says-this-bitcoin-miner-has-more-room-to-run-up-on-ai-demand","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1795","title":{"rendered":"After 300% Stock Rally, Jefferies Says This Bitcoin Miner Has More Room To Run Up On AI Demand"},"content":{"rendered":"<div>\n<p>In a recent development, leading financial services firm <strong>Jefferies<\/strong> has commenced coverage of Bitcoin miner <strong>Core Scientific Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CORZ#NASDAQ\">CORZ<\/a>) with a \u2018Buy\u2019 rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI).<\/p>\n<p><strong>What Happened<\/strong>: Jefferies analysts were optimistic about Core Scientific\u2019s prospects, citing its robust power supply and data center development team as key factors in its ability to meet the escalating AI demand, Coindesk <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/10\/28\/btc-miner-core-scientific-uniquely-positioned-to-capture-ai-demand-initiate-at-buy-jefferies\/\">reported <\/a>Monday. Consequently, the bank has initiated coverage of the stock with a buy rating and a $19 price target.<\/p>\n<p>Jefferies analysts <strong>Jonathan Petersen<\/strong> and <strong>Jan Aygul <\/strong>highlighted the company\u2019s <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/06\/39151600\/ai-and-bitcoin-mining-what-core-scientifics-unexpected-partnership-with-nvidia-backed-ai-f\" target=\"_blank\" rel=\"noreferrer noopener\">12-year contract<\/a>\u00a0with\u00a0<strong>Nvidia<\/strong>-backed cloud provider\u00a0<strong>CoreWeave<\/strong>\u00a0to provide infrastructure for AI use cases &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41592405\/after-300-stock-rally-jefferies-says-this-bitcoin-miner-has-more-room-to-run-up-on-ai-dema\" alt=\"After\" stock rally jefferies says this bitcoin miner has more room to run up on ai demand>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a recent development, leading financial services firm Jefferies has commenced coverage of Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ) with a \u2018Buy\u2019 rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI). What Happened: Jefferies analysts were optimistic about Core Scientific\u2019s prospects, citing its robust power supply and data center development team [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1795","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1795"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1795\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}