IREN Limited Stock Falls as $2 Billion Debt Sale Puts Nvidia AI Rally to the Test
IREN Limited shares took a hit Monday as the Australia-based AI cloud firm jumped into the market with a proposed $2 billion convertible-note offering—a fast move following a strong rally driven by its tie-up with Nvidia. Shares last traded at $58.47, down $2.73, after slipping as low as $52.46 earlier in the session.