🔴 Core Scientific is trading 4.2% down today as AI-exposed miners sell off with chip stocks

Core Scientific is trading 4.2% down at $12.70, as pressure on AI-exposed miners appears more relevant than crypto weakness.

• Bitcoin and Ether are down 1.12% and 0.44%, respectively, since the previous close—smaller declines than the stock’s.
• Reporting describes AI-exposed miners selling off with chip stocks; a sector-wide analyst price-target reset highlighted valuation concerns for miners pivoting to AI hosting.
• Broad U.S. stocks were rebounding, making the wider market an unlikely explanation for the decline.