Cantor Fitzgerald named Core Scientific (CORZ), Hut 8 and TeraWulf “generational buys,” saying the stocks could rally 100% or more.
The firm maintained its Overweight rating on Core Scientific. It lowered price targets on seven AI data center stocks, including the three, citing a broad sell-off since June.
Cantor Fitzgerald said rising interest rates, concerns about capital spending and project execution risks are weighing on the sector. It sees the downturn as a buying opportunity in select companies once investor concerns about AI funding ease.