Bernstein: Core Scientific's stock price is expected to recover as CoreWeave receives huge order from OpenAI

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According to Foresight News, citing The Block, Bernstein analysts stated that despite Core Scientific's stock price dropping 25% so far this year, investors' confidence in the stock should quickly recover as CoreWeave receives a new order of $15.9 billion from OpenAI and obtains related delivery channels from Core Scientific. CoreWeave (CRWV) has risen 115% since its $1.5 billion initial public offering (IPO) in March, with the Nasdaq-listed stock currently trading at around $90, with a market capitalization of $41.5 billion.

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