Reported about 10 hours ago
IREN Ltd. (NASDAQ:IREN) has achieved a new 52-week high of $33.64 after a price target upgrade by BTIG, which raised its forecast for the stock from $22 to $32. This increase in valuation comes as IREN continues to capitalize on the booming artificial intelligence sector, recently expanding its GPU portfolio significantly and reporting a 4.34% increase in revenues from its AI cloud business. The company's stock rose by 11.39% during this period.
Source: YAHOO