Is Cipher Digital (CIFR) One of the Best Low Priced Technology Stocks Now That the Selloff Made It Too Cheap to Ignore?
Is Cipher Digital (CIFR) One of the Best Low Priced Technology Stocks Now That the Selloff Made It Too Cheap to Ignore?.
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Cipher Digital Inc. (NASDAQ: CIFR ) is one of the best low priced technology stocks to invest in . On July 2, Rosenblatt Securities reiterated Buy ratings on Cipher Digital Inc. (NASDAQ:CIFR) and Galaxy Digital (NASDAQ:GLXY), saying the recent selloff across high-performance computing (HPC) stocks has made their valuations quite attractive.
Rosenblatt noted that the selloff picked up pace after Bloomberg reported on July 1 that Meta Platforms was building a cloud computing operation aimed at outside customers, including AI compute capacity and models. The news raised fears that Meta could turn from a customer into a competitor within the neocloud market, noted Rosenblatt.
The analysts pushed back against the panic; they described the market reaction as overdone and said Rosenblatt does not see the Meta news as a signal of weakening demand for AI infrastructure. They argued that Meta's cloud ambitions looked like a company-specific move tied to justifying its own heavy spending, and not a broader shift away from existing hyperscaler contracts.
On Cipher specifically, Rosenblatt said the 13% drop in stock price widened what the analysts called a persistent valuation gap that they had already flagged before the selloff. They argued the pullback offered a cheaper entry point into the company's shift from bitcoin mining toward AI hosting.
Cipher Digital Inc. (NASDAQ:CIFR) is a digital infrastructure company. It develops and operates industrial-scale data centers for bitcoin mining and high-performance compute hosting in the United States.
While we acknowledge the potential of CIFR 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 .
READ NEXT: Seth Klarman Stock Portfolio: 10 Best Stocks to Buy and Top 10 Mid Cap Stocks to Own for Decades According to Hedge Funds .
Sinergia Empresarial continuará el seguimiento de esta información sobre is Cipher Digital (CIFR) One of the Best Low Priced Technology Stocks Now That the Selloff Made It Too Cheap to Ignore? y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
