IREN Limited (NASDAQ: IREN) Stock Update: Microsoft $9.7B AI Deal, Capital Raise and Wall Street Forecasts – December 8, 2025
IREN Limited shares traded near $45 on December 8, down sharply from highs but up over 360% year-to-date after a surge driven by AI and Bitcoin momentum. The company secured a major Microsoft cloud contract and raised billions in new capital, fueling volatility. Market cap stands at about $12.7 billion. Shares fell 16% after the capital raise and dropped 21% in November amid broader sector concerns.