IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves
IREN Limited was up midday Thursday, bouncing off two sessions of selling as traders sized up a new Needham downgrade and news about the company’s growing AI infrastructure pipeline. IREN was changing hands at $54.27, climbing $2.75, or 5.3%. The stock swung between $50.78 and $54.45 so far in the session, per market data.