IREN stock drops after-hours as traders cool on CES AI buzz and crypto beta
IREN Ltd shares dropped 4.8% to $45.91 in after-hours trading Tuesday, reversing part of Monday’s 13% rally. The move followed volatile trading as investors weighed bitcoin’s dip to $93,533 and AI data-center demand after CES headlines. Microsoft’s $9.7 billion contract with IREN remains in focus. Next earnings are expected in mid-February.