IREN stock jumps nearly 9% today as Bernstein tags Nasdaq’s IREN a ‘top AI pick’
New York, Jan 12, 2026, 12:30 EST — Regular session IREN Limited shares jumped roughly 9% to $50.05 by midday Monday, hitting an intraday peak of $50.84. The Nasdaq-listed stock gained $4.02 from Friday’s close, with around 29.2 million shares changing hands. The move is significant because IREN has quickly turned into a crowded bet straddling crypto and artificial intelligence. Investors see it as part bitcoin miner, part power-intensive data center, a combo that reacts sharply to shifts in rates and tech budgets. Bitcoin climbed roughly 0.8% on the day, while U.S.-listed miners saw more modest gains. Marathon Digital jumped