Why Iren Stock Surged Higher Today

Key Points Iren has been seeing extraordinary revenue growth. A slowdown in AI spending would dent that trajectory. AI infrastructure is expected to remain in high demand for the foreseeable future. 10 stocks we like better than Iren › After rocketing higher by as much as 678% this year, investors had been dumping shares of Iren Limited (NASDAQ: IREN) in recent weeks. Shares of the artificial intelligence (AI) infrastructure provider are still more than 30% off recent highs, even after jumping to ...