IREN Stock Update: Data Company Shares Surge After Inking Massive Microsoft Deal

Shares of IREN Ltd. (NASDAQ: IREN) jumped sharply on Monday after the company announced a landmark five-year, $9.7 billion contract with Microsoft Corp. to deliver advanced AI cloud infrastructure powered by NVIDIA GB300 GPUs at its massive Texas campus. The deal marks a major leap for the Sydney-based data-infrastructure company as it pivots from its roots in high-performance computing and digital infrastructure toward becoming a core provider for hyperscale AI workloads.Under the agreement, IREN will supp ...