IREN's stock plummeted nearly 43% this month to a 52-week low of $26.62 amid shrinking earnings expectations and a missed revenue target. Despite this, top Wall Street analysts maintain bullish price targets near $100, implying about 192% upside, based on IREN's transition from Bitcoin mining to AI cloud services with major contracts from Microsoft and NVIDIA. The company's future hinges on delivering on these AI infrastructure deals and reaching $4 billion in annual recurring revenue by year-end. Investors will watch the December quarter closely to see if IREN can execute its ambitious growth plan amid rising costs and execution risks.
IREN's dramatic stock drop contrasts with the steady performance of its key AI partners, Microsoft and Nvidia. On Pluang, Microsoft shares trade at USD 531.05, down 0.15% as of Oct 21, 2026 19:43 WIB, while Nvidia shares are up 1.64% at USD 220.03. These figures highlight the mixed market sentiment in the tech sector as IREN aims to pivot towards AI cloud services.
Micron's President Scott DeBoer sold 28,545 shares worth $25.7 million, marking the largest insider sale since August and the lowest average price since May. This sale coincided with a slight rebound in Micron's stock price, which rose nearly 2% on t...
Trading of blockchain-based tokenized stocks is rapidly increasing worldwide, with Robinhood Chain's volume jumping from $526 million in July to $11.31 billion in September. However, major U.S. companies like Goldman Sachs and Microsoft have objected...
Anthropic's confidential IPO filing shows $450 billion in noncancelable cloud computing commitments over the next decade from Amazon, Alphabet, and Microsoft, all of which both invest in and compete with Anthropic. This massive cloud spending highlig...
Microsoft Corporation will announce its Q1 earnings on October 28, entering the new fiscal year with strong momentum as its shares trade near their 52-week high. The company is experiencing robust growth in its cloud business and an expanding paid AI...
OpenAI announced it will make its AI models available to developers through Google Cloud, marking a significant expansion after ending Microsoft's exclusive license. This move places OpenAI's technology on all three leading U.S. cloud platforms—Googl...
