Zacks Investment Ideas feature highlights: IREN and Alphabet's

Core Insights - IREN Ltd. is positioned as a key player in the AI supercycle by operating data centers specifically designed for high-performance computing workloads [2][4] - The company differentiates itself by utilizing 100% renewable energy to power its data centers, which enhances its cost efficiency and profit margins [3][5] - IREN's transition from crypto mining to data center operations has provided it with a competitive advantage in scale and energy solutions [6] Industry Overview - The data center industry is experiencing significant growth, with operating capacity tripling to 810 MW in FY25, indicating a robust demand for data processing capabilities [4] - Companies that provide essential infrastructure and services for AI, like IREN, are expected to thrive as the AI revolution continues [4] Company Performance - IREN shares are currently exhibiting a bullish trend, breaking out of a high tight flag pattern, which historically suggests further upside potential [7] - The company is projected to achieve explosive triple-digit growth in both revenue and earnings, according to Zacks Consensus Analyst Estimates [8] Upcoming Events - IREN is scheduled to report its earnings on November 6th, with an implied post-earnings move of +/- 12.2%, indicating market anticipation for significant results [9] Conclusion - The combination of a booming data center industry, IREN's strategic positioning, and positive market indicators suggest a bullish outlook for the company in the coming months [10]