Key Points
-
Investing in stocks priced under $30 can yield impressive growth if chosen wisely.
-
Cipher Mining is addressing the energy shortage affecting numerous tech companies.
-
SoFi’s foray into the crypto market is poised for long-term success, despite Bitcoin’s downward trend this year.
Could AI create the first trillionaire? Our latest report highlights a little-known company, labeled an “Indispensable Monopoly,” supplying crucial technology for Nvidia and Intel. Continue »
The share price of a stock doesn’t always reflect its value. Some stocks may be under $5 per share yet can be greatly overvalued, while certain growth stocks can cost more than $500 per share.
Nevertheless, there are genuine opportunities in undervalued stocks with strong growth potential. While fractional shares make high-priced stocks accessible, owning full shares in companies you support can feel more impactful.
Here are two promising companies with substantial long-term growth potential that are also affordable: Cipher Mining(NASDAQ: CIFR) and SoFi Technologies(NASDAQ: SOFI).
Cipher Mining Fuels AI Development
Cipher Mining tackles a major challenge in artificial intelligence (AI), a sector generating significant investment opportunities like those from Nvidia(NASDAQ: NVDA) and Palantir(NASDAQ: PLTR). The company builds AI data centers that can manage substantial workloads that tech giants require to fulfill their AI needs.
Image source: Getty Images.
Morgan Stanley anticipates a 44-gigawatt deficit by 2028, leading to increased market prices for existing gigawatts, including Cipher Mining’s 3.4-gigawatt capacity. However, these gigawatts are still in development, which may explain Cipher Mining’s stagnant stock performance recently.
