IREN Limited Stock (NASDAQ: IREN) Today: Analyst Downgrade, $9.7B Microsoft AI Deal, and Wall Street Forecasts as of Dec. 23, 2025
IREN shares traded around $42.60 by early afternoon Tuesday after Wall Street Zen downgraded the stock from “hold” to “sell,” sending it lower at the open. The company’s volatility remains high, with a 52-week range from $5 to the mid-$70s and short interest at about 20%. IREN’s $9.7 billion AI cloud contract with Microsoft and a $5.8 billion Dell chip deal continue to drive speculation.