IREN Stock Falls on November 13 as Market Questions Earnings Quality After Record Q1 and $9.7B Microsoft AI Cloud Deal
Shares of IREN Limited (NASDAQ: IREN) – the bitcoin‑miner‑turned‑AI‑data‑center operator – are sliding today as fresh commentary about the “quality” of its blockbuster earnings collides with a sharp technical sell‑off after last week’s euphoria around its $9.7 billion Microsoft AI cloud contract. IREN+2Reuters+2 Below is a breakdown of what is moving IREN today and how it fits into the bigger AI‑cloud story investors have been watching all month. Key takeaways What’s happening to IREN stock today? A big gap‑down open and heavy early trading According to MarketBeat’s real‑time alert, IREN closed Wednesday at $55.70, then opened Thursday at $52.75, with early