Riot (RIOT) Platforms Gets Boost From New EO

We recently published 10 Stocks Shine Brighter Than Wall Street. Riot Platforms, Inc. (NASDAQ:RIOT) is one of Monday’s top performers.

Riot Platforms bounced back from the previous day’s losses, adding 8.74 percent to close Monday’s trading at $12.32 apiece, as investors continued to place bets on companies benefitting from the booming digital asset industry.

This followed President Donald Trump’s newly issued executive order last week that could attract more investments in cryptocurrencies and related firms, having allowed the retirement plan 401(k) to invest in digital assets.

Riot Platforms, Inc. (NASDAQ:RIOT), a Bitcoin miner, could largely benefit from the new order on expectations of stronger investor interest, with fund managers now able to tap into alternative investment assets outside the typical stocks and bonds.

Additionally, analysts have already expected the new order to lift many boats in the crypto ecosystem.

In recent news, Riot Platforms, Inc. (NASDAQ:RIOT) was able to mine 484 Bitcoins last month, marking an 8 percent increase from 450 Bitcoins in June, and a 31 percent growth year-on-year.

Also last month, it was able to generate $54.8 million in revenues from the sale of 475 Bitcoins at an average price of $115,411 each.

While we acknowledge the potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.