Why Iren Stock Is Soaring Today
Demand for AI cloud services continues to grow.
Overview
Shares of the artificial intelligence (AI) cloud provider Iren Limited (NASDAQ: IREN) jumped nearly 20% Monday morning after a big revision to its 2026 revenue target. The announcement showed that AI infrastructure investments continue to grow, despite fears that a bubble is forming.
Iren stock eased off its early jump, but remained up by 16.7% as of 11:45 a.m. ET.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.