Asian markets were mixed Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the ongoing US government shutdown.News that Israel and Hamas had agreed to the first phase of a Gaza ceasefire provided some relief from geopolitical concerns -- and weighed on oil prices -- while gold retreated the day after hitting an all-tine high above $4,000.Technology firms have been riding to ever-higher levels this year -- dragging equity markets with them a ...

IREN, formerly known as Iris Energy Limited, which recently adopted an AI-focused strategy, is projected to benefit from its move. As per estimations shared by Bernstein, the Bitcoin mining firm is likely to see a hike in its share prices. Related: What is Bitcoin mining? Explained Bernstein's outlook on IREN IREN stock reflected a gain of 12.86% on Sep. 25. With this, its current price has come to $47.14. Estimations from Bernstein analysts predict that the stock price could hit a historic high of $75. ...

Group 1 - Cathie Wood, CEO of Ark Invest, has increased her stake in Baidu for the first time in nearly four months, indicating a positive outlook for the company as analysts show renewed interest [1][8] - Baidu is benefiting from the ongoing tariff trade war, particularly due to import restrictions on AI chips, positioning it as a potential momentum play in the market despite recent sluggish growth [2][4] - The company's revenue has declined for the fourth time in six years, with a 4% drop reported in the latest quarter and adjusted earnings plummeting by 35%, yet the stock has surged 53% in the past month [3][8] Group 2 - The rally in Baidu's stock can be attributed to Chinese import restrictions on Nvidia's AI chips, which have led to significant revenue losses for Nvidia, creating an opportunity for Baidu [4][5] - Baidu holds the most AI-related patent applications in China, with over 5,700, and its AI cloud business has seen a 34% year-over-year revenue growth, although this has not significantly impacted overall revenue due to the sluggish online advertising sector [7]

Group 1 - IREN Ltd. has achieved a new all-time high, extending its winning streak to four consecutive days, driven by a price target upgrade from an investment firm and optimism in the AI sector [1][3] - The stock reached a 52-week peak of $33.64 during the session, closing just 1 cent lower, marking an increase of 11.39 percent [2] - BTIG raised its price target for IREN Ltd. to $32 from $22 while maintaining a "buy" recommendation, reflecting positive market sentiment [3] Group 2 - The company's expansion of its GPU portfolio included the acquisition of 9,000 Nvidia GPUs, increasing total ownership to 10,900 units, a fivefold increase from 2,000 GPUs in early 2024 [4] - IREN Ltd. is focusing on Bitcoin mining while also expanding its AI business by enhancing digital infrastructure to meet sector demands [4] - In August, revenues from IREN Ltd.'s AI cloud business grew by 4.34 percent to $2.4 million from $2.3 million in July [5]

Group 1 - IREN Ltd. reached a new all-time high, driven by renewed investor optimism in the artificial intelligence industry, with a 15.27% increase in stock price to $30.19 [1][2] - The company benefited from a broader digital infrastructure boom, particularly after Nebius Group secured an $18 billion cloud computing deal with Microsoft [2] - IREN Ltd.'s AI cloud business revenue grew by 4.34% to $2.4 million in August, compared to $2.3 million in July [3] Group 2 - Bitcoin mining remains the largest revenue source for IREN Ltd., generating $76.7 million from 668 Bitcoins mined in August, although this represents an 8% decline from $83.6 million in July [4]

"Company†), a leading AI infrastructure company, today announced the launch of an offering of convertible notes and a concurrent offering of Class A shares to support the accelerated future growth of its core business. Our core AI cloud business is growing rapidly, and we continue to be laser focused on developing this business. We view long-term contracts such as the one we announced this week with Microsoft as impor. AMSTERDAM--(BUSINESS WIRE)--Nebius Group N.V. (NASDAQ: NBIS) ("Nebius†or the ...