Cipher (CIFR) Tumbles 13.5% on AI Bubble, Bitcoin Drop

We precocious published 10 Stocks Facing Selling Pressure Ahead of Christmas. Cipher Mining Inc. (NASDAQ:CIFR) is 1 of the biggest losers connected Monday.

Cipher Mining saw its stock prices driblet by 13.55 percent connected Monday to adjacent astatine $14.74 apiece arsenic investors took way from the diminution successful Bitcoin prices and renewed concerns astir an AI bubble.

Cipher Mining Inc. (NASDAQ:CIFR) declined alongside its peers, namely Terawulf,  Hut 8, and CleanSpark, aft Bitcoin, arsenic of writing, shed 2.27 percent of its worth astatine $86,168 apiece. Traders appeared to beryllium locking successful aboriginal profits up of the Christmas holiday.

Further dragging sentiment was renewed pessimism implicit the AI sector, dragged by quality that Oracle Corporation—one of the largest AI players globally—raked successful arsenic overmuch arsenic $108 cardinal successful indebtedness to walk connected the said industry.

The standard of borrowing sparked worries among investors astir however rapidly it would beryllium capable to recoup its investments, and the concerns created a ripple effect into high-performance computing firms, including Cipher Mining Inc. (NASDAQ:CIFR).

The diminution was contempt Canaccord Genuity’s reaffirmation of its “buy” proposal and $27 terms people connected Cipher Mining Inc. (NASDAQ:CIFR). The fig marked an 83 percent upside imaginable from its latest closing price.

In different developments, Cipher Mining Inc. (NASDAQ:CIFR) announced plans to officially redeem its outstanding warrants for $0.01 apiece until 5 PM connected December 26, 2025. The warrants are lone exercisable connected a cashless basis.

Any warrants that remained unexercised by the deadline volition past beryllium void and nary longer exercisable.

While we admit the imaginable of CIFR arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.