247Wallst·2025-12-09 16:41Core Insights - IREN's stock has increased by 17% over the past week, currently trading at $47.9, and holds the highest social sentiment score on Reddit at 85 out of 100 [1][4] - The surge in Reddit activity is attributed to discussions around a significant Microsoft AI Cloud contract, the company's profitability transformation, and GPU deployment plans [2][5] Financial Performance - IREN secured a $9.7 billion contract with Microsoft, expected to generate $3.4 billion in annualized revenue by the end of 2026 [9] - The company reported a net income of $384.6 million for Q1 2026, a turnaround from a $51.7 million loss in Q1 2025, with adjusted EBITDA increasing by 3,568% year-over-year to $91.7 million [9] Market Sentiment and Analyst Outlook - The stock's beta of 4.24 indicates high volatility, appealing to risk-tolerant investors, while analysts maintain a consensus price target of $81.85, suggesting a 76% upside from current levels [6] - Ten out of fourteen analysts rate the stock as Buy or Strong Buy, aligning with the positive sentiment from the Reddit community [6] Strategic Initiatives - IREN plans to deploy 140,000 GPUs across renewable-rich data centers, positioning itself as a vertically integrated player in AI infrastructure [9] - CEO Daniel Roberts highlighted the Microsoft partnership as a landmark development during the November earnings call, despite missing revenue estimates by $5.5 million [5]