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Cipher Digital shares are up 9% today, according to news about a major data center deal with a hyperscale tenant. These kinds of AI stocks are gaining more and more attention as companies massively invest in AI infrastructure. Data centers are naturally crucial for all AI operations, so it's logical that such deals drive the stock price higher.
Interesting how the market reacts to concrete contracts rather than just hype. I wonder if this sets a trend for more AI stocks in the sector, or if it will stay quiet for a while. Everyone can see that there's money in data centers, but the question is how long this momentum will last.