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We just covered the Billionaire Howard Marks’ 10 Stock Picks with Huge Upside Potential and Core Scientific, Inc. (NASDAQ:CORZ) ranks 3rd on this list.
Core Scientific, Inc. (NASDAQ:CORZ) is a relatively recent addition to the 13F portfolio of Oaktree Capital Management. The fund first disclosed a stake in the company in the third quarter of 2025. This position comprised 6.4 million shares. The hedge fund then proceeded to add to this holding by more than 30% in the next few months. Filings for the fourth quarter of 2025 show that the fund owned over 8.3 million shares in the firm. Core provides infrastructure for high-density colocation services and digital asset mining in the United States. It offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence.
READ ALSO: 10 Best Stocks to Buy According to Billionaire Rob Citrone.
Core Scientific, Inc. (NASDAQ:CORZ) was once primarily known as a Bitcoin miner. However, in recent months, the narrative around the company has shifted to high-performance computing and AI infrastructure. Hedge funds are piling into the stock to capture the revenue from a massive partnership with CoreWeave. The agreement has expanded to roughly 590 MW of HPC capacity, which is projected to generate $8.7 billion to $10 billion in revenue over the next 12 years. For funds like, this contract acts as a synthetic bond, a guaranteed cash flow stream from a high-quality AI customer that covers the cost of building the infrastructure.
While we acknowledge the potential of CORZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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