Today: 15 June 2026
Browse Category

NASDAQ:IREN 11 May 2026 - 14 June 2026

IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN Shares Bounce While Investors Assess AI Cloud Prospects, Ongoing Funding Concerns

IREN surged $5.16 to $56.71 after a volatile week, as investors weighed Needham’s cut to 2026-27 estimates on delayed AI cloud revenue ramp, with mining revenue expected to approach zero by year-end as GPU deployments replace Bitcoin capacity; the next key catalyst is proof of billable AI cloud revenue ahead of the September 16 earnings update.
12 June 2026
···
IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN shares jumped over 5% midday after two steep declines, as investors weighed Needham’s cut to 2026–27 estimates—citing slower AI cloud revenue ramp—against IREN’s $3.65B GPU financing and major AI contracts. Despite the rebound, the stock remains well below its 52-week high, with analysts focused on the timing of AI revenue recognition amid the company’s shift away from Bitcoin mining.
11 June 2026
···
IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

IREN surged 9% to $59.19 as investors returned to crypto and AI infrastructure stocks after last week’s selloff, driven by a $3.65 billion investment-grade GPU financing to support its Microsoft AI cloud contract and news of a planned 800MW data-center in Australia, but future gains hinge on execution, contract delivery, and bitcoin price stability.
8 June 2026
·······
IREN Up Early as 800MW AI Campus in Australia Heats Up Power Race

IREN Stock Moves Early as Market Reacts to Australia AI Data-Center Push

IREN Ltd. shares dropped 5.8% in extended trading to $61.66 after announcing an 800MW Australian data-center campus, despite a $3.65B GPU financing deal and major contracts with Microsoft and Nvidia; Q3 revenue fell to $144.8M with a $247.8M net loss, as investors weigh growth ambitions against execution, bitcoin prices, and project risks.
4 June 2026
····
IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
····
IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Limited shares fell 3.6% to $65.41 in premarket trading Thursday after surging 13.48% Wednesday on news of a $1.6 billion deal with Dell for Nvidia Blackwell systems. The hardware will support IREN’s $3.4 billion AI cloud contract at its Texas campus. The deal was signed May 19, with Dell to be paid within 30 days of each shipment. Wall Street responded as B. Riley Securities raised its price target to $88.
28 May 2026
···
IREN Limited’s Nvidia Deal Rewrites The Bitcoin-Miner AI Cloud Trade

IREN Shares Jump After $1.6 Billion Dell Agreement Puts Focus on AI Revenue Target

IREN Limited shares rose 9.4% to $65.42 after the company announced a $1.6 billion deal to buy Dell hardware for its Texas data center. The agreement aims to speed up deployment of Nvidia Blackwell systems for AI customers, with commissioning set for early 2027. Volume topped 44 million shares, pushing market cap to $21.8 billion. IREN expects annualized run-rate revenue to reach $4.4 billion after installation.
27 May 2026
·····
Nvidia’s $3.4 Billion IREN Deal Shows Next AI Bottleneck

Nvidia’s $3.4 Billion IREN Deal Shows Next AI Bottleneck

IREN Ltd. co-founder Daniel Roberts warned it could take until 2030 for a new 1-gigawatt AI data center to go live, citing delays in land and power infrastructure. IREN shares traded at $56.83 premarket, with a $19 billion market cap. Nvidia and IREN announced up to 5 gigawatts of joint AI infrastructure and a $3.4 billion GPU cloud deal. IREN posted a $247.8 million quarterly loss as bitcoin mining revenue fell.
26 May 2026
····
IREN Stock Jumps Again as Nvidia AI Bet Keeps Buyers Coming Back

IREN Stock Jumps Again as Nvidia AI Bet Keeps Buyers Coming Back

IREN shares jumped 5.7% to $55.71 on Nasdaq Thursday after the company announced a $3.4 billion Nvidia cloud contract and $3.0 billion in convertible-note financing. Trading volume reached about 19.4 million shares, with a market value near $18.6 billion. The gains came as major indexes fell and Nvidia’s stock slipped after earnings. Investors weighed IREN’s AI expansion against dilution and debt risks.
21 May 2026
···
IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Limited shares rose 9.4% to $52.23 on Wednesday, trading over 23 million shares as investors awaited Nvidia’s earnings. IREN recently signed a $3.4 billion AI cloud contract with Nvidia and closed a $3 billion convertible-note offering. The company reported a quarterly net loss of $247.8 million on revenue of $144.8 million, down from the prior quarter.
20 May 2026
····
IREN Drops Again After AI Cloud Plans Get Costlier

IREN Drops Again After AI Cloud Plans Get Costlier

IREN shares dropped 7.2% to $49.15 Monday after the company acquired its marketing partner Awaken, folding the agency into its operations. The decline followed IREN’s $3 billion convertible-note sale last week to fund a major data-center expansion for AI services. Quarterly revenue fell and net loss widened as the company shifts from Bitcoin mining to AI cloud infrastructure.
18 May 2026
··
IREN Shares Slide 9% Friday as AI Bet Hits $3 Billion Mark

IREN Shares Slide 9% Friday as AI Bet Hits $3 Billion Mark

IREN shares fell 9.35% to $52.94 Friday after closing a $3.0 billion convertible-note sale tied to its Nvidia-backed AI infrastructure expansion. The stock ended the week down about 13.5% from May 8. IREN’s new partnership gives Nvidia rights to buy up to 30 million shares at $70 each. The Nasdaq Composite dropped 1.5% Friday as tech stocks retreated.
17 May 2026
·
IREN Stock’s Nvidia Rally Just Hit a $2 Billion Debt Test

IREN Stock’s Nvidia Rally Just Hit a $2 Billion Debt Test

IREN Ltd. shares dropped 9.43% to $55.43 in U.S. premarket trading Monday after the company announced a proposed $2 billion convertible-note sale. The move follows last week’s Nvidia partnership, which gave Nvidia rights to buy up to 30 million IREN shares at $70 each. IREN’s latest quarter showed revenue falling to $144.8 million and a net loss widening to $247.8 million.
11 May 2026
····
1 2 3 … 9

Stock Market Today

  • SpaceX Surpasses Tesla in Market Value, Approaching $2.1 Trillion
    June 15, 2026, 10:36 AM EDT. On Friday, SpaceX shares closed at $160.95, up over 19% from its IPO price of $135, valuing the company at $2.1 trillion, surpassing Tesla's $1.52 trillion market capitalization. This elevates SpaceX, Elon Musk's rocket, satellite, and AI company, to the world's seventh-largest public firm and sixth-largest in the U.S. by market cap. Analysts, including Wedbush's Dan Ives, note discussions about a possible merger between Tesla and SpaceX, potentially combining Musk's AI and space ventures. The shift highlights SpaceX's growing influence in tech and market dynamics among top U.S. companies like Nvidia, Alphabet, Apple, Microsoft, Amazon, and Taiwan Semiconductor.

Latest articles

Gold, silver up after Strait of Hormuz deal puts oil under pressure

Gold, silver up after Strait of Hormuz deal puts oil under pressure

15 June 2026
Oil prices plunged to a three-month low after the U.S. and Iran agreed to reopen the Strait of Hormuz, flipping market focus from oil-driven inflation to possible rate relief; Brent crude dropped 4.8% to $83.17, while gold surged 3% to $4,344.77 and silver jumped 4.6% as traders trimmed bets on a U.S. rate hike ahead of the Fed meeting.
S&P 500 faces Warsh push as Citi eyes 8,100 on AI earnings

S&P 500 faces Warsh push as Citi eyes 8,100 on AI earnings

15 June 2026
Citi hiked its 2026 S&P 500 target to 8,100 on stronger earnings and AI-driven demand as U.S. stocks surged 1.5% Monday after a U.S.-Iran deal eased oil fears; investors now await Fed Chair Kevin Warsh’s first policy meeting, with the market watching for signals on interest rates that could determine if the rally continues.
Robinhood App Downloads Climb as SpaceX IPO Traffic Boosts Activity

Robinhood App Downloads Climb as SpaceX IPO Traffic Boosts Activity

15 June 2026
Robinhood’s U.S. app downloads soared 65% to 44,259 on Friday—double the recent average—as SpaceX shares debuted on Nasdaq and surged 19%, triggering record-breaking trading traffic, widespread outages, and exposing retail trading restrictions, according to Apptopia, TechCrunch, and Reuters.
Go toTop