3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)

Core Insights - The market has seen aggressive gains in AI-related stocks like Iren Limited, Nebius Group, and CoreWeave, with triple-digit increases in a short period due to enthusiasm for AI infrastructure and data centers [1] - A recent shift in market sentiment has led to stabilization and upward movement in share prices, with improving earnings estimates and renewed investor interest in niche AI infrastructure [2] Iren Limited (IREN) - Iren Limited operates in high-performance data centers and bitcoin mining, supported by renewable energy, positioning it well for rising demand in AI and data-intensive workloads [3] - The company's sales are projected to increase by approximately 120% this year and an additional 151% next year, indicating a strong growth outlook [4] - IREN's stock has recently broken out of a Stage One base, suggesting the beginning of a new uptrend, supported by accelerating fundamentals and improving technical structure [5] Nebius Group N.V. (NBIS) - Nebius Group focuses on AI infrastructure and cloud services, providing high-performance compute capacity for AI workloads, which positions it within the core layers of the AI infrastructure stack [8] - The stock has risen nearly 5% recently, reflecting improving investor sentiment, with sales expected to surge by 376% next year [9] - Nebius has also broken out from a Stage One base, indicating potential for a new uptrend, with both technical momentum and earnings expectations on the rise [10] CoreWeave Inc. (CRWV) - CoreWeave specializes in high-performance GPU compute for AI and advanced data workloads, establishing itself as a key player in AI-focused cloud capacity [12] - The stock has increased by over 6%, signaling a constructive rebound, with projected sales growth of 126% next year [13] - CoreWeave has broken out from a Stage One base, suggesting a transition to a new uptrend, supported by accelerating revenue growth and improving analyst sentiment [14] Market Outlook - All three companies are showing patterns of improving earnings outlooks, renewed investor interest, and technical breakouts, indicating a potential return of risk appetite in the AI infrastructure sector [16]