Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells
Yahoo Finance·2025-11-03 11:08(Reuters) -Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom. The news sent shares of IREN up as much as 24.7% to a record high on Monday, with the stock last up nearly 10%. AI-server maker Dell was also up about 1%, as it would provide IREN with Nvidia's GB300 chips and other equipment that Microsoft will use f ...