IREN Stock Today (Sept 26, 2025): AI Cloud Moonshot Meets Wall Street Reality Check—Is the Rally Just Pausing or Running Out of Fuel?
Key facts (as of 14:27 UTC, Sept 26, 2025) The story today (Sept 26, 2025) IREN shares are sharply lower after JPMorgan cut the stock to Underweight, even as it lifted its price target to $24 from $16—a call that implies sizable downside from recent levels following a torrid run. The note, summarized by multiple outlets, frames valuation as stretched relative to execution risk in high‑performance compute (HPC) build‑outs. Investing.com+1 At the same time, the AI narrative remains front and center. Industry trade press today reiterated IREN’s GPU expansion to 23k units and near‑term liquid‑cooled GB300 NVL72 deployments at its Prince George campus—details that buttress management’s push to turn spare power and real estate into