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 Stock
€2.51
0.400%
Currently there is a rather positive sentiment for Iren SpA with 4 Buy predictions and 0 Sell predictions.
With a target price of 3 € there is a slightly positive potential of 19.43% for Iren SpA compared to the current price of 2.51 €.
