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0.00214978448275859 -0.0156250000000001 0.0148168103448275 0.017780172413793 0.00862068965517242 0.015894396551724 0.0220905172413793 0.0220905172413793
Stock impact report

Cipher Mining (CIFR) Jumps 13.7% as Tech Giants Pour More Funds Into AI [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
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 Show less Read more
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