Cantor Fitzgerald Reiterates an Overweight Rating on Riot Platforms (RIOT) on Global AI Proliferation

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $20 from $29 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In such a context, it considers AI infrastructure to be “an attractive place to invest”, given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor added that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.

Riot Platforms (RIOT) Jumps 5.8% as Bitcoin Hits New All-Time High

In its Bitcoin production and operations updates for fiscal Q1 2026 released on April 2, Riot Platforms, Inc. (NASDAQ:RIOT) reported that it produced 1,473 Bitcoin in the quarter, down 4% quarter-over-quarter from 1,530 Bitcoin produced in fiscal Q1 2025. The average Bitcoin produced per day in fiscal Q1 2026 was 16.4, down from 17.0 in the prior year period.

Riot Platforms (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining operations in Kentucky and central Texas, along with electrical switchgear engineering and fabrication operations in Denver. The company is divided into two segments: Bitcoin Mining and Engineering.

While we acknowledge the risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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