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MIL:IREN 21 October 2025

IREN’s 500% Rally: How a Bitcoin Miner Became an AI Cloud Juggernaut

IREN Stock Skyrockets 500% on AI Cloud Pivot — Bitcoin Miner’s Meteoric Rally Stuns Market

IREN shares surged from under $10 in January to over $74 on Oct. 14, before retreating to $53.80 midday Oct. 21. The company reported its first annual profit with FY2025 net income of $86.9 million on $501 million revenue. In September, IREN ordered $674 million in GPUs and signed multi-year AI cloud contracts. On Oct. 21, IREN priced $875 million in convertible notes for expansion.
21 October 2025
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Stock Market Today

  • Market Rally Holds as Earnings Impress and Economy Shows Resilience
    May 22, 2026, 3:06 PM EDT. The stock market is sustaining its rally following solid corporate earnings and a resilient economy, signaling investor confidence despite growing talk of potential interest-rate hikes by the Federal Reserve. Strong earnings reports across sectors suggest companies are managing well in the current environment, while economic indicators reflect ongoing stability. Analysts suggest that positive earnings results could continue to support equity markets, even if the Fed adjusts its monetary policy to tackle inflation. The market's ability to absorb this news reflects underlying strength amid uncertainty.

Latest articles

Nu Shares Fall Again as Nubank Credit Trend Gets Attention on Wall Street

Nu Shares Fall Again as Nubank Credit Trend Gets Attention on Wall Street

22 May 2026
Nu Holdings shares fell 2.3% to $12.86 Friday, bucking a Wall Street rally after BofA cut its price target to $16 and flagged rising credit costs. UBS also trimmed its target but kept a buy rating. Nu reported record Q1 net income of $871.4 million, but credit loss allowance rose to $1.79 billion. The stock trades about a third below its 52-week high.
HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

22 May 2026
Hewlett Packard Enterprise shares climbed 9.9% to $37.33 in Friday trading, leading a surge in hardware and networking stocks ahead of its June 1 earnings call. Analysts cited strong demand for AI infrastructure and networking gear, but flagged risks around valuation and memory-chip costs. Dell and HP Inc. also posted double-digit gains. HPE was named a Leader in Gartner’s 2026 Magic Quadrant for enterprise networking.
Virgin Galactic climbs as SpaceX IPO speculation sparks interest in space stocks

Virgin Galactic climbs as SpaceX IPO speculation sparks interest in space stocks

22 May 2026
Virgin Galactic shares climbed about 18% to $3.25 Friday, with trading volume nearly triple the average, as investors bought space stocks after reports of a possible SpaceX IPO. The stock extended Thursday’s 11% gain. Virgin Galactic continues to face significant cash-burn and financing risk while preparing for flight testing later this year. First-quarter results showed a $65 million net loss and negative free cash flow.
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