Core Scientific Stock Slumps on AI Transition Hesitation | Business and Finance News

Core Scientific’s stock tumbles nearly 9% after a brutal downgrade from analyst Bill Papanastasiou, who slashed the price target and shifted the rating to “market perform,” citing stalled AI data center progress — no new colocation leases in 17 months and no traction despite a $2B investment plan — leaving investors skeptical as rivals race ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6268bcfc2e49f455