IREN and Cipher Digital stocks dropped 6% and 5% respectively after Alphabet reported $51.3 billion in Q3 2026 capital spending, leading to a negative free cash flow of $9.1 billion. This heavy AI investment by hyperscalers like Alphabet and Microsoft raises investor concerns about the sustainability of funding and returns in the AI data center market. IREN, which owns AI cloud hardware, and Cipher Digital, a data center landlord, face pressure ahead of their earnings reports amid fears that hyperscalers might slow expansion if returns falter. The upcoming earnings will be crucial to gauge the future demand for AI infrastructure capacity.
Cipher Digital shares are trading at USD 8.30 on Pluang as of Oct 30, 2026 00:21 WIB, down 6.37% in the last day. The stock's market cap stands at $3.68 billion, reflecting investor caution amid the AI spending concerns. Trading volume remains active with over 52 million shares exchanged, showing significant market interest despite the recent price drop.
Cipher Digital Inc., a leading developer and operator of industrial-scale data centers, announced its participation in several upcoming investor and industry conferences from November to December 2026. The company's management will discuss recent dev...
TeraWulf's CEO Paul Prager dismissed concerns that its unfinished AI data centers could become stranded assets, emphasizing a financing-first approach with secured power, fixed-price contracts, and long-term tenants before construction. This reassura...
