Leopold Aschenbrenner’s Situational Awareness Top AI Pick-And-Shovel Stock Pick

We just covered Leopold Aschenbrenner's Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. Core Scientific, Inc. (NASDAQ:CORZ) ranks #2 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks).

Situational Awareness Stake Value: $389,086,756

Core Scientific (NASDAQ:CORZ) is another former Bitcoin miner in Situational Awareness's portfolio that is transitioning toward AI infrastructure. Core Scientific builds and operates large-scale data centers that provide the physical infrastructure — power, cooling, and space — that AI computing requires. Its moat lies in its existing grid-connected power capacity, which is available to lease today, and its proven ability to deliver that capacity to customers on tight timelines. Most of its assets are expected to be ready for service within the 12 to 14-month window that hyperscalers and neoclouds are actively trying to fill.

Its key customer is CoreWeave, the fast-growing AI cloud provider, which has contracted 590 MW of capacity from Core Scientific in total. Core Scientific (NASDAQ:CORZ) is already billing CoreWeave for 243 MW of that, equivalent to more than $350 million in annualized revenue, with the remaining

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/leopold-aschenbrenner-situational-awareness-top-150531078.html)