IREN — IREN Limited - Ordinary Shares
Session close: $19.73. Regular-session share volume: 63,756,973. Change from previous close: -7.85%.
Key developments
Context: IREN shares fell as AI infrastructure names retreated alongside Nvidia, a day after JPMorgan cut its price target. A separate report said the delayed revenue goal comes despite a growing backlog, with rising losses, mounting costs and a funding gap complicating AI cloud expansion.
Market context — Mentions IREN in the article text. Hot CPI Pushes 10-Year Yield to 5%, Nvidia Sinks 6%: Stock Market Today · Company news IREN's $4B Revenue Goal Delayed: Is the Stock Losing Its Appeal?
News sources
Company news IREN Stocks Fall 3.41% as Rating Cut Follows Slip in $4 Billion ARR Target · Company news JP Morgan Maintains Overweight on IREN, Lowers Price Target to $55 · Company news Why Is IREN (IREN) Exiting Bitcoin Mining To Focus On AI Infrastructure? · Company news IREN (IREN) Could Be 70% Undervalued On Strong Q1 AI Cloud Revenue · Company news IREN's $4B Revenue Goal Delayed: Is the Stock Losing Its Appeal?