Back to news

Core Scientific jumps as investors refocus on AI colocation growth after Q3 update

Investivoq PriceTracker

Core Scientific (CORZ) is up 11.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven by a continued positive read-through from the company’s third-quarter update and its shift toward long-term AI and high-density colocation revenue. There does not appear to be a major new company announcement today, so this could be because investors are reassessing the value of Core Scientific’s contracted data-center business after last week’s results.

Details:

  • The company’s third-quarter filing showed revenue of $232.9 million, with colocation revenue climbing to $215.4 million as more customer power capacity became billable.
  • Management highlighted roughly 590 MW of CoreWeave-related infrastructure under contract, with about 485 MW already billing as of November 5 and the buildout nearing full completion by early 2027.
  • The earnings presentation described more than $10 billion of potential revenue over the contract terms and estimated high colocation margins, reinforcing the market’s view that the business is becoming less dependent on volatile bitcoin mining economics.
  • The quarterly filing also showed $806.6 million of cash, cash equivalents, and digital assets at September 30, which may have supported confidence that the company can keep funding its transition.

    • Sources:

    Core Scientific Investor Relations, SEC, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $CORZ Insider Trading Activity

    CORZ Insider Trades

    $CORZ insiders have traded $CORZ stock on the open market 41 times in the past 6 months. Of those trades, 3 have been purchases and 38 have been sales.

    Here’s a breakdown of recent trading of $CORZ stock by insiders over the last 6 months:

    • TODD M DUCHENE (See remarks) has made 0 purchases and 38 sales selling 230,000 shares for an estimated $4,856,147.
    • ERIC STANTON WEISS has made 2 purchases buying 13,000 shares for an estimated $232,338 and 0 sales.
    • ELIZABETH CRAIN purchased 6,000 shares for an estimated $109,994

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

    Investivoq Alerts
    Receive CORZ Data Alerts
    Get market-moving data, filings, and signals for CORZ in real time.
    Sign Up

    $CORZ Hedge Fund Activity

    We have seen 204 institutional investors add shares of $CORZ stock to their portfolio, and 208 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PENTWATER CAPITAL MANAGEMENT LP removed 25,078,406 shares (-97.9%) from their portfolio in Q2 2026, for an estimated $641,756,409
    • JERICHO CAPITAL ASSET MANAGEMENT L.P. added 11,159,492 shares (+95.2%) to their portfolio in Q2 2026, for an estimated $285,571,400
    • JANE STREET GROUP, LLC added 6,407,759 shares (+10464.6%) to their portfolio in Q2 2026, for an estimated $163,974,552
    • UBS GROUP AG added 5,662,200 shares (+35.6%) to their portfolio in Q3 2026, for an estimated $90,481,956
    • PRICE T ROWE ASSOCIATES INC /MD/ added 5,508,420 shares (+779.5%) to their portfolio in Q2 2026, for an estimated $140,960,467
    • JPMORGAN CHASE & CO added 5,452,208 shares (+inf%) to their portfolio in Q2 2026, for an estimated $139,522,002
    • ALLIANCEBERNSTEIN L.P. added 5,312,551 shares (+1717.6%) to their portfolio in Q2 2026, for an estimated $135,948,180

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $CORZ Price Targets

    Multiple analysts have issued price targets for $CORZ recently. We have seen 3 analysts offer price targets for $CORZ in the last 6 months, with a median target of $33.0.

    Here are some recent targets:

    • Gregory Lewis from BTIG set a target price of $38.0 on 06/25/2026
    • Paul Meeks from Freedom Broker set a target price of $33.0 on 06/16/2026
    • Lucas Pipes from B. Riley Securities set a target price of $33.0 on 05/27/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.