Why IREN Stock Soared More Than 20% This Week

Key Points IREN received two analyst upgrades this week. The stock has soared in the last year because of a huge contract with Microsoft. The stock trades at a hefty premium vs. its AI cloud computing revenue. 10 stocks we like better than Iren › Shares of IREN (NASDAQ: IREN) soared over 20% this week, according to data from S&P Global Market Intelligence. A cryptocurrency miner transitioning to running cloud data centers for artificial intelligence (AI) has received two analyst upgrades and has ...