IREN stock soars 254% on AI/data center growth, maintaining strong buy rating

IREN Limited's stock has surged 254% since initial coverage, driven by strong demand in AI and data centers. Despite mixed past earnings and Bitcoin volatility, the company shows no structural risks to long-term growth. Its long-term contracts and attractive valuation support continued upside if the AI growth trend persists. The analyst maintains a Strong Buy rating, highlighting IREN's potential in the evolving tech infrastructure sector.