IREN Limited (IREN) shares ended the last trading session 6.8% higher at $61.68. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 120.5% gain over the past four weeks.IREN stock extended its rally for the third straight day, which might be the result of strength in its vertically integrated model, which gives it full ownership of its data centers, computing hardware (ASICs and GPUs), electrical infrastructure and fr ...

Key TakeawaysIBM (IBM) and Advanced Micro Devices (AMD) led pre-market gains, with IBM rising 4.3% on a strategic partnership with Anthropic and AMD surging 4% after a Jefferies upgrade to a $300 price target following a significant OpenAI deal.Johnson & Johnson (JNJ) announced positive Phase 2b study results for its investigational oral drug icotrokinra in ulcerative colitis, demonstrating a 63.5% clinical response rate at the highest dose, and reaffirmed the known safety record of its drug Tremfya.BofA Gl ...

$500m AI Cloud ARR from 23k GPUs on Track for Q1 2026NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed additional multi-year cloud services contracts with leading AI companies for NVIDIA Blackwell GPU deployments. IREN recently expanded its AI Cloud capacity and remains on track to achieve >$500m in annualized run-rate revenue (ARR) from the 23k GPUs currently operating and on order by the end of Q1 2026.1 To date, customer contracts have been sec ...