Core Insights - IREN Limited (IREN) shares have surged following a significant agreement with Microsoft Corporation (MSFT) to provide GPU capacity for IT workloads and other internal applications [1] Company Summary - IREN Limited has entered into a major deal with Microsoft, indicating a strategic partnership that could enhance its market position and revenue potential [1] - The deal is expected to supply GPU capacity, which is crucial for handling large-scale IT workloads, suggesting a focus on high-performance computing [1] Industry Summary - The collaboration between IREN and Microsoft highlights the growing demand for GPU resources in the tech industry, particularly among hyperscalers [1] - This partnership may reflect broader trends in the industry where companies are increasingly relying on advanced computing capabilities to support their operations and services [1]

Group 1 - IREN Limited shares are experiencing a significant increase following a major agreement with Microsoft Corporation to provide GPU capacity for IT workloads and internal use cases [1] - The deal with Microsoft positions IREN as a key player in the growing demand for GPU resources, particularly in the context of cloud computing and data processing [1] Group 2 - The partnership with a leading technology company like Microsoft enhances IREN's market credibility and potential for future growth [1] - This collaboration may lead to increased revenue streams for IREN, driven by the expanding needs of hyperscalers in the tech industry [1]

Core Viewpoint - DA Davidson has raised the price target for Nebius (NBIS) to $125 from $75 while maintaining a Buy rating, driven by a significant contract with Microsoft worth $17.4 billion for GPU capacity for Azure [1]. Group 1 - The recent contract with Microsoft is a key factor in the valuation upside for Nebius, indicating strong growth potential in its core business [1]. - The Nebius Data Center Capacity model provides the underlying assumptions that support the optimistic outlook on the company's valuation [1].