IREN stock rises again as Bernstein’s “top AI pick” call meets a bitcoin rebound
New York, Jan 13, 2026, 09:55 (ET) — Regular session IREN Limited (IREN) shares rose about 1.9% to $51.28 in early Nasdaq trade on Tuesday, extending a rally that gathered pace at the start of the week. The move matters now because IREN sits at the crossroads of two crowded trades — crypto-linked cash flows and the rush to add AI computing capacity — and both are prone to sudden reversals. After Monday’s surge, investors are pressing the company’s story harder: can it line up funding, build capacity on time and keep the Microsoft contract on track without leaning too