Cipher Mining (CIFR) Jumps 13.7% as Tech Giants Pour More Funds Into AI

We recently published 10 Big Names With Easy 10-30% Gains. Cipher Mining Inc. (NASDAQ:CIFR) was one of the best performers on Tuesday.

Cipher Mining saw its share prices jump by 13.71 percent on Tuesday to finish at $18.75 apiece as investors poured funds in high-performance computing (HPC) operators, with sentiment bolstered by Nvidia Corp.’s ramped up investments in the sector.

In a statement on Monday, Nvidia said that it acquired a $2 billion stake in CoreWeave Inc., a leading data center and HPC services provider, in a bid to jointly support the rapidly growing AI industry.

Viewed as a technology benchmark and the key enabler of the AI sector, Nvidia’s investment underscored confidence in the sector despite ongoing concerns of an AI bubble.

Cipher Mining Inc. (NASDAQ:CIFR) rallied alongside its counterparts such as Applied Digital Corp., IREN Ltd., and TeraWulf Inc., among others.

In other news, Cipher Mining Inc. (NASDAQ:CIFR) on Monday earned a 69 percent higher price target of $22 from Keefe, Bruyette and Woods, versus $13 previously. It maintained an “outperform” rating for its stock.

According to the investment firm, the upgrade reflected Cipher Mining Inc.’s (NASDAQ:CIFR) impressive execution of AI colocation strategy, which is constructive for the company’s 2026 lease signings.

While we acknowledge the potential of CIFR 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.

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Disclosure: None. This article is originally published at Insider Monkey.