AMD's expansion strategy comes with a familiar AI risk.
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The former Penguin Solutions chief joins as Core Scientific expands its high-density data center platform and converts more bitcoin mining capacity to AI infrastructure.
Needham and Canaccord raised their price targets on CORZ stock, while reiterating ‘Buy’ ratings following the company's AMD infrastructure partnership.
Core Scientific stock has delivered a strong 57.3% return over the past year, yet the current valuation checks and market multiples suggest the shares are not obviously cheap. With a low overall value score and concerns about execution on large AI infrastructure commitments, investors are weighing how much optimism is already in the price. Over the past 12 months, Core Scientific has returned 57.3%, which puts recent weakness into context for anyone looking at the stock after the pullback in...
Core Scientific announced an AI colocation deal with AMD and an undisclosed neocloud, a 15-year agreement for 377MW for AMD plus 152MW for the neocloud for 530MW total, worth over…
Core Scientific Inc (CORZ) reports strong financial stability and strategic advancements with a major AMD partnership, despite challenges in transitioning from Bitcoin mining.
Chipmaker secures power for Instinct GPUs as CORZ jumps 11%
In the second quarter of 2026, Core Scientific reported revenue of US$164.2 million versus US$78.63 million a year earlier, alongside a net loss of US$1.16 billion and a basic loss per share from continuing operations of US$3.32. On the same day, Core Scientific and Advanced Micro Devices announced a long-term AI infrastructure partnership that could scale up to 2.50 gigawatts of capacity, including more than 500 megawatts of U.S. infrastructure beginning in 2027 and market-priced warrants...
AMD Partners With Core Scientific on Huge AI Data Center Push
Core Scientific announced a $15 billion AI deal with AMD and a neocloud during its Q2 earnings, and Galaxy Digital has purchased a new site for a 74 MW AI…
Core Scientific will initially provide more than 500 megawatts of AI-ready capacity beginning in 2027.
Core Scientific has signed a 15-year master’s agreement with AMD. But does that warrant buying CORZ shares at the current price? Let’s find out!
Core Scientific announces a partnership with AMD for 2.5 gigawatts of data-center capacity which could bring more than $14 billion in contracted revenue.
Needham retained its $29 target as Core Scientific secured 15-year contracts covering five sites, with phased delivery beginning in 2027 and further expansion rights for AMD.
Core Scientific (NASDAQ:CORZ) said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements. Chief Executive Officer Adam Sullivan said the initial agreements repre
The deal gives AMD access to more than 500 megawatts of U.S. capacity beginning in 2027, with the option to expand to 2.5 gigawatts
Core Scientific (NASDAQ: $CORZ) is partnering with chipmaker Advanced Micro Devices (NASDAQ: $AMD) on a new artific...
Core Scientific reached 1.1 GW of leased customer power and outlined an AMD partnership that could support 2.5 GW, while heavy construction spending and warrant accounting drove its quarterly results.
AMD will secure more than 500 MW of U.S. data center capacity beginning in 2027, while an expansion option could make the partnership five times larger.
Core Scientific, Inc. (CORZ) delivered earnings and revenue surprises of +1,000.00% and +20.38%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Core Scientific announces a partnership with AMD for 2.5 gigawatts of data-center capacity which could bring more than $14 billion in contracted revenue.
Shares in AI infrastructure provider Core Scientific jumped around 5% in premarket trading after it announced a deal with chip maker AMD. The deal's initial phase would see AMD use 500 megawatts of Core Scientific data-center capacity by 2027.
The agreement gives AMD access to more than 500 megawatts of U.S. data center capacity starting in 2027, with room to expand to 2.5 gigawatts.
Core Scientific signed a deal with AMD, under which the chip firm will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems, the companies said on Tuesday. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Leroy Leo)
The crypto miner began the week by being slapped with an analyst's recommendation downgrade.
Core Scientific is spending about $2 billion on its data center pipeline before securing new contracts, while its last colocation lease signing came roughly 17 months ago.
Covered miners fell an average 32% from their June highs as investors stopped crediting future colocation deals. KBW sees better value among proven lease signers but is more cautious about…
The company is rapidly transforming from a Bitcoin miner into a data center landlord for tech giants, but its future growth depends on navigating a complex regulatory path.