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MTA:IREN.MI 5 May 2026

IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN shares jumped 8.37% to $49.48 Monday after the company energized its 1.4-gigawatt Sweetwater 1 data center in Texas, connecting its substation to the ERCOT grid. The company said power delivery will ramp up as the site is built out. IREN also announced a definitive agreement to acquire Mirantis. The stock was quoted at $50.16 before Tuesday’s U.S. open.
5 May 2026
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Stock Market Today

  • Stock Market Today: Dow Futures Up, S&P 500 and Nasdaq Lower Amid Oil Price Slide
    June 4, 2026, 5:10 AM EDT. Dow Futures rose while the S&P 500 and Nasdaq are set to open lower. Oil prices slipped after Israel and Lebanon agreed on a ceasefire contingent on Iran-backed Hezbollah ending hostilities. Brent crude fell 0.8% to $97.03 per barrel; WTI futures dropped 1% to $95.32 per barrel. U.S. commercial crude oil stocks declined by 8 million barrels. Market movers include Marvell, Nvidia, and Micron. The geopolitical development provides cautious optimism amid mixed market signals.

Latest articles

Broadcom Stock Slips After AI Outlook Rattles Wall Street

Broadcom Stock Slips After AI Outlook Rattles Wall Street

4 June 2026
Broadcom plunged 11.2% premarket after posting record Q2 revenue but missing analyst estimates and issuing an AI-chip outlook that failed to meet sky-high expectations, as investors punished the stock for not raising its long-term sales target despite strong results; shares last indicated at $425.75 after closing at $479.23.
Verizon Hires Deutsche Telekom Tech Head as Retail Wait Times Draw Scrutiny

Verizon Hires Deutsche Telekom Tech Head as Retail Wait Times Draw Scrutiny

4 June 2026
Verizon hires ex-Deutsche Telekom exec Abdu Mudesir to lead network and tech as CEO Dan Schulman pushes a turnaround after posting its first Q1 postpaid phone subscriber gain since 2013, but in-store sales pressure and lagging customer satisfaction threaten progress; Mudesir’s impact likely seen in 2027, with Russo staying through Q1 2027.
Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

4 June 2026
Navitas surged 19.3% to $30.84 after announcing its 800 VDC power board is featured in NVIDIA’s MGX AI infrastructure, but shares dropped 7.25% after hours as investors weighed technical validation against weak revenue and stiff competition, with analysts warning the stock trades far above target prices despite ongoing losses.
Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

4 June 2026
Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.
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