IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits

Iren’s stock pulls back as investors assess the steep price of the AI buildout

Iren will take on debt in the wake of its new Nvidia partnership. One analyst said Monday’s stock drop is an overreaction.

IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits

Shares of IREN (NASDAQ:IREN) are down roughly 9% in early Monday trading to $55.83, giving back a chunk of Friday’s powerful rally. The move follows Friday’s 8% surge to $61.20, which was triggered by a landmark AI cloud partnership with NVIDIA (NASDAQ:NVDA | NVDA Price Prediction). Profit-takers are clearly stepping in after a parabolic run. ... IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits

NVIDIA’s Next Frontier: $2.1 Billion Deal With IREN Redefines AI Data Center Economics

NVIDIA has entered a strategic partnership with IREN Limited worth up to $2.1 billion, deepening its push into the fast-growing artificial intelligence (AI) infrastructure market.The deal gives NVIDIA the option to purchase up to 30 million IREN shares over five years at $70 per share. Investors reacted positively to the announcement, sending IREN shares up more than 20%. The same goes for NVIDIA’s stock, which almost hit its highest record pric…

Assessing IREN (NasdaqGS:IREN) Valuation After Major Nvidia AI Cloud Partnership And Pivot From Bitcoin Mining

IREN (NasdaqGS:IREN) has attracted investor attention after announcing a multi year partnership with NVIDIA that includes a five year, US$3.4b AI cloud services contract and plans to deploy up to 5GW of AI infrastructure. See our latest analysis for IREN. That partnership news landed alongside a wider shift in how the market values IREN. The share price retreated 6.77% over the last day but still posted a 59.07% 30 day share price return and a v…

IREN inks AI infrastructure deal with Nvidia

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Data center operator IREN announced a partnership with semiconductor giant Nvidia on Thursday. IREN shares were volatile after news broke, but climbed 6% Friday. Nvidia and IREN will deploy up to 5 gigawatts of the chip maker’s DSX-branded infrastructure designs intended to power artificial intelligence workloads throughout the Australian firm’s data center facilities across the world. Th…

Nvidia Stock Week Ahead: NVDA Nears Record as AI Deals and Inflation Data Test the Rally

Nvidia closed Friday at $215.20, just below its record, after announcing AI infrastructure deals with IREN and Corning. IREN granted Nvidia rights to buy up to $2.1 billion in shares and signed a $3.4 billion AI cloud contract. Nvidia also prepaid Corning billions to boost optical-fiber output. Investors await Nvidia’s May 20 earnings as the stock nears an all-time high. The post Nvidia Stock Week Ahead: NVDA Nears Record as AI Deals and Inflati…