J.P. Morgan issued an overweight rating for Riot Platforms (NASDAQ: RIOT) and set a price target of $20 in a 2026 equity trade ideas outlook report. The target represents a 45% increase from the closing price of $13.71 recorded on Monday. The report, titled U.S. Equity Year Ahead Stocks for 2026, includes the firm’s 57 stock picks for the upcoming year. Analysts highlighted that Riot is transitioning from bitcoin mining into an AI infrastructure provider as we’ve seen with other bitcoin mining companie ...

Core Insights - Cipher Mining Inc has entered into a significant $3 billion artificial intelligence hosting agreement with Fluidstack, marking a major development in the AI hosting sector [1] - The agreement spans a duration of 10 years and includes financial support from Google, indicating strong backing and confidence in the partnership [1] Company Summary - Cipher Mining Inc is positioning itself as a key player in the AI hosting market through this landmark agreement, which could enhance its operational capabilities and market presence [1] - The collaboration with Fluidstack and financial backing from Google may provide Cipher Mining with a competitive edge in attracting clients and scaling its services [1] Industry Summary - The AI hosting industry is witnessing significant investments and partnerships, as companies seek to leverage advanced technologies for enhanced performance and efficiency [1] - The involvement of major tech players like Google in AI hosting agreements underscores the growing importance and potential of this sector in the broader technology landscape [1]