Why Is CIPHER DIGITAL INC (CIFR) Stock Down Today?

Cipher Digital Inc (CIFR) shares fell 6.92% to $6.66 as broader weakness in the AI infrastructure sector weighed on the stock. The decline coincided with a significant drop in peer Applied Digital, which sank 8% following a negative outlook from Nebius and the exit of NVIDIA’s CEO.

What Happened

The primary driver for the move was a sector-wide sell-off in AI data center stocks. Applied Digital led the decline, losing 8% in Thursday morning trading, while Cipher Digital fell 4% in that specific report and TeraWulf slid 3%. The sector shock was attributed to a negative outlook from Nebius and the resignation of Jensen Huang as CEO of NVIDIA. These events created a ripple effect across neocloud and mining peers, pressuring Cipher Digital despite its own recent analyst coverage.

Jefferies recently maintained a Buy rating on the stock but lowered its price target to $10. Morgan Stanley also maintained an Overweight rating while reducing its price target to $27.5. These adjustments reflect a cautious stance on valuation despite the firm’s positive outlooks. The stock had previously seen a surge on Wednesday, but the momentum reversed sharply in the current session.

What The Data Shows

Fundamentals indicate a high-risk profile with a market cap of $3.2 billion and a beta of 3.54. The company remains unprofitable with a trailing twelve-month EPS of -2.67 and revenue down 29.2% over the same period. The stock is trading near the bottom of its 52-week range, which spans from $5.07 to $30.14. It printed six fresh 52-week lows on November 13, 2026.

Intraday, the stock opened at $7.11, a 0.6% gap down from the prior close of $7.15. It hit a session high of $7.29 at 8:30 AM ET before sliding to a low of $6.63 at 9:45 AM ET. Volume so far stands at 3.3 million shares, which is 0.1 times the three-month daily average. Over the last eight sessions, the stock has declined 11.9% from $8.12 to $7.15. Unusual options activity showed one notable print with $3.3 million in call premium and no put premium.

What To Watch

With no scheduled earnings date provided in the current data, investors should monitor the coverage breadth and potential follow-through from other AI infrastructure peers. The continued weakness in the sector, particularly regarding NVIDIA leadership changes and Nebius outlooks, will likely remain the key factor influencing Cipher Digital’s near-term price action.