AI Summary
Iren Limited shares surged nearly 20% on Monday following the company's significant upward revision of its 2026 revenue target. The move reflects continued strong investor confidence in AI infrastructure investment, even amid broader market concerns.
Shares of the artificial intelligence (AI) cloud provider Iren Limited (NASDAQ: IREN) jumped nearly 20% Monday morning after a big revision to its 2026 revenue target. The announcement showed that AI infrastructure investments continue to grow, despite fears that a bubble is…
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