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Cloud Computing 1 June 2026 - 18 June 2026

IREN Stock Rises 5% as AI Cloud Bet Outruns Nasdaq: Is the Rally Still Attractive?

IREN Stock Rises 5% as AI Cloud Bet Outruns Nasdaq: Is the Rally Still Attractive?

IREN Limited shares extended their rebound on Friday, closing at $59.77, up $3.06, or 5.40%, on volume of about 45.4 million shares. The move stood out against a calmer market backdrop: the Nasdaq Composite finished up 0.31% at 25,888.84, meaning IREN outperformed the broader technology index as buyers returned to AI infrastructure and former Bitcoin-mining names.
SharonAI Stock Jumps as Nvidia Deal Puts $4.88 Billion AI Cloud Bet in Focus

SharonAI Stock Jumps as Nvidia Deal Puts $4.88 Billion AI Cloud Bet in Focus

SharonAI Holdings Inc. shares moved back into the AI-infrastructure spotlight Friday after the company announced a six-year strategic compute collaboration with NVIDIA that SharonAI said has a contract value of up to $4.88 billion. The agreement targets 72 megawatts of new data-center capacity in Australia and the deployment of up to 40,000 NVIDIA Grace Blackwell GB300 graphics processing units, or GPUs, the chips used to run large artificial-intelligence training and inference workloads.
IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN Shares Bounce While Investors Assess AI Cloud Prospects, Ongoing Funding Concerns

IREN Limited gained Friday as traders reconsidered the company’s sharp turn toward AI infrastructure. Shares on Nasdaq last traded at $56.71, up $5.16 from Thursday’s close, with the 12:52 UTC print, market data show. That’s as the market shifts its focus from IREN’s Bitcoin mining roots to its efforts to generate recurring AI revenue from big GPU, data center, and cloud bets.
Oracle Drops After Surprise AI Costs Challenge Cloud Narrative

Oracle Drops After Surprise AI Costs Challenge Cloud Narrative

Oracle Corporation shares struggled as investors shrugged off record fiscal Q4 revenue and turned to the cost of the company’s AI infrastructure spending. Oracle last changed hands near $184.10, giving it a roughly $536.1 billion market cap and a trailing price-to-earnings ratio of about 33. That price-to-earnings ratio is a standard valuation check. The stock dropped 12% Thursday, according to Reuters, with investors worried about higher capital spending and debt levels as Oracle ramps up its AI cloud infrastructure investments.
CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave Inc. shares rose in premarket trading on Monday, putting the AI cloud company back in focus before Nasdaq’s main session. The stock last traded in the regular session at $109.53 on May 29, while Google Finance showed premarket trading at $115.72, up 5.65%; Nasdaq’s regular session was due to open at 9:30 a.m. Eastern.
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