This Is One of the Best Artificial Intelligence (AI) Stocks to Hold for the Next 10 Years

Core Viewpoint - Iren's stock has seen significant growth, more than tripling in 2025, driven by its strategic focus on providing data centers for AI cloud services and securing clean power to address future energy demands [1] Group 1: Company Developments - Iren has recently signed a $9.7 billion contract with Microsoft, validating its data center pipeline and construction capabilities [3] - The company has secured 3 gigawatts of clean power for its data center operations, positioning itself to meet the anticipated energy shortages for AI data centers [5][9] Group 2: Market Position and Opportunities - Iren's current market capitalization stands at $13 billion, which is considered a fair valuation given its assets and the Microsoft contract, indicating potential for significant upside as more deals are announced [6] - The long lead times required to establish new data centers enhance Iren's value as a partner for hyperscalers like Microsoft, which has substantial performance obligations but limited immediate data center capacity [4]