Is Cipher Digital (CIFR) One of the Best Low Priced Technology Stocks Now That the Selloff Made It Too Cheap to Ignore?

Cipher Digital Inc. (NASDAQ:CIFR) is one of the best low priced technology stocks to invest in. On July 2, Rosenblatt Securities reiterated Buy ratings on Cipher Digital Inc. (NASDAQ:CIFR) and Galaxy Digital (NASDAQ:GLXY), saying the recent selloff across high-performance computing (HPC) stocks has made their valuations quite attractive.

Rosenblatt noted that the selloff picked up pace after Bloomberg reported on July 1 that Meta Platforms was building a cloud computing operation aimed at outside customers, including AI compute capacity and models. The news raised fears that Meta could turn from a customer into a competitor within the neocloud market, noted Rosenblatt.

The analysts pushed back against the panic; they described the market reaction as overdone and said Rosenblatt does not see the Meta news as a signal of weakening demand for AI infrastructure. They argued that Meta’s cloud ambitions looked like a company-specific move tied to justifying its own heavy spending, and not a broader shift away from existing hyperscaler contracts.

On Cipher specifically, Rosenblatt said the 13% drop in  stock price widened what the analysts called a persistent valuation gap that they had already flagged before the selloff. They argued the pullback offered a cheaper entry point into the company’s shift from bitcoin mining toward AI hosting.

Cipher Digital Inc. (NASDAQ:CIFR) is a digital infrastructure company. It develops and operates industrial-scale data centers for bitcoin mining and high-performance compute hosting in the United States.

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