Microsoft Signs $9.7 Billion Cloud Deal With IREN
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IREN has all the intangibles needed to become a big winner, including, a booming AI industry, explosive EPS and revenue growth, and a bullish chart pattern.
The bitcoin miner turned AI infrastructure play received three price target raises following yesterday's news, including from Bernstein, which lifted to $125.
IREN Limited's $9.7B Microsoft deal and Sweetwater hub expansion could boost AI cloud growth and GPU capacity. Click for my IREN earnings preview.
Microsoft’s $9.7B AI deal ignites the crypto market as RENDER and TAO climb, while DeepSnitch AI’s presale surges 42%, making it the best crypto to buy now.
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Why Iren Stock Surged Today
Iren will supply Microsoft with access to Nvidia 's cutting-edge GB300 graphic processing units ( GPUs) as part of a five-year cloud computing agreement. Iren intends to purchase the highly sought-after AI accelerators and related equipment from Dell Technologies for roughly $5.8 billion.