Reported 1 day ago
IREN Ltd. (NASDAQ:IREN) achieved a record high of $58.28 amid rising investor interest in AI stocks, fueled by a supply agreement between OpenAI and AMD for GPU provision. Closing at $57.75, IREN's performance was bolstered by its strategic transition from Bitcoin mining to AI services, leading to an 'overweight' rating and an increased price target from Bernstein. As confidence grows in AI investments, IREN stands out for its innovative approach in the competitive landscape.
Source: YAHOO