IREN stock jumps 11% on AI tailwinds; traders brace for MLK Day break and next catalyst
IREN shares jumped 11.43% Friday to $57.82, their biggest single-day gain in weeks. The rally followed TSMC’s announcement of higher 2026 capital spending, which lifted AI-related stocks. U.S. markets were closed Monday for Martin Luther King Jr. Day and reopen Tuesday. Investors await IREN’s earnings report on Feb. 11.