Why Iren Limited Is Rallying Today
Shares of Iren Limited (NASDAQ: IREN) rallied 11.2% on Monday, as of 12:23 p.m. ET.
Iren is one of several former Bitcoin miners with established GPU-filled data centers currently converting its data center fleet to become an artificial intelligence (AI) neocloud.
Today, another massive deal between OpenAI and the semiconductor ecosystem increased everyone's estimates for the computing demand over the next several years, at least. If AI demand is truly as "insatiable" as today's deal and other recent announcements indicate, Iren's demand should continue to be very strong.
Source Fool.com
Iren SpA Aktie
2,53 €
-0,47 %
Leichtes Buy-Übergewicht bei der Iren SpA Aktie mit 3 zu 0 Einschätzungen.
Bei einem Kursziel von 4 € für Iren SpA deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 2.53 € an.
