IREN Stock: Ride The Wave, But This Is A Long-Term Sell

Group 1 - IREN Limited shares are experiencing a significant increase following a major agreement with Microsoft Corporation to provide GPU capacity for IT workloads and internal use cases [1] - The deal with Microsoft positions IREN as a key player in the growing demand for GPU resources, particularly in the context of cloud computing and data processing [1] Group 2 - The partnership with a leading technology company like Microsoft enhances IREN's market credibility and potential for future growth [1] - This collaboration may lead to increased revenue streams for IREN, driven by the expanding needs of hyperscalers in the tech industry [1]