IREN stock tumbles 7% on MSCI inclusion day — here’s what matters before Monday
IREN shares fell 7.4% to $40.95 Friday and slipped another 0.6% after hours as its MSCI USA Index addition took effect. Trading volume reached about 50.5 million shares. The decline came amid weakness in bitcoin, which dropped 2% to $65,900, and broader pressure on AI infrastructure stocks.