IREN Shares Fall Again; Microsoft AI Cloud Agreement Still in Focus
IREN Limited shares dropped again ahead of the open Wednesday, after two volatile sessions that have caught traders’ attention in AI infrastructure. The stock closed Tuesday at $54.02, down 8.73%, reversing its 8.91% move higher from Monday. IREN was last seen quoted at $52.01 by 7:56 a.m. EDT, off another 3.72%. It’s not about new company guidance. The move is on risk sentiment. Bitcoin was last trading near $60,948, off 2.8%. Reuters reported U.S. tech futures fell as investors weighed high valuations, inflation reports, and new geopolitical risks. That’s affecting IREN, which trades between a crypto miner and an AI data-center stock.