IREN stock: What to know before Monday after Bernstein’s “top AI pick” call
New York, Jan 10, 2026, 08:25 EST — Market closed IREN Limited (Nasdaq: IREN) shares closed up 0.7% at $46.03 on Friday, after trading as low as $45.52 and topping out just under $50. Bitcoin was little changed near $90,600 into Saturday. The setup matters now because IREN sits in two crowded trades at once — bitcoin mining and the scramble for power-heavy data centers to run AI workloads — and both can turn fast when rate bets move. Traders have pared expectations for near-term Federal Reserve rate cuts after Friday’s U.S. jobs data, a shift that can lean against