Cipher Mining Inc. (NASDAQ:CIFR) soared 19.73% to $20.66 on Friday, driven by investor interest in AI stocks following Oracle Corp.’s $38 billion data center expansion deal. The company, along with IREN Ltd. and Hut 8 Corp., rallied on optimism for sustained infrastructure demand for AI. Cipher Mining also announced increased Bitcoin production and sales in September, with 251 Bitcoins produced and 158 sold. Investors are repositioning portfolios ahead of CIFR’s third quarter earnings results on November 3. While CIFR shows promise, some AI stocks may offer higher returns with limited downside risk.

Read more at Yahoo Finance: Cipher Mining (CIFR) Surges 19.7% on AI Boom