Cipher Mining Inc. (NASDAQ:CIFR) hit a new all-time high on Tuesday, reaching $8.78 before closing at $8.32, up 8.9%. This surge mirrored Bitcoin’s rise to $111,369.20, up 1.95%. Year-to-date, CIFR shares have soared 89%, driven by crypto interest. Trump’s sons’ new Bitcoin mining venture added to optimism. Investment firm Canaccord recommended buying CIFR with a target price of $9, a 17.8% upside. While CIFR shows promise, other AI stocks may offer better returns. Check out our report on the best short-term AI stock. See more stocks to watch for growth in the next 3 years and hidden AI gems.

Read more at Yahoo Finance.: Cipher Mining (CIFR) Hits New Historic Peak on Bitcoin Wave