Stock Track | IREN Ltd Soars 7.41% on $9.7 Billion AI Cloud Services Deal with Microsoft

Stock Track

11/10

IREN Ltd (NASDAQ: IREN) saw its stock price surge 7.41% in Sunday's trading session, following the announcement of a massive $9.7 billion AI cloud services agreement with tech giant Microsoft. This significant deal involves the deployment of NVIDIA GB300 GPUs across IREN's expansive 750 MW Texas campus.

The agreement represents a major milestone for IREN Ltd, positioning the company as a key player in the rapidly growing AI infrastructure sector. By partnering with Microsoft and utilizing cutting-edge NVIDIA GPUs, IREN is set to significantly enhance its capabilities in providing high-performance computing resources for AI applications.

Investors reacted positively to this news, driving up IREN's stock price in anticipation of the potential revenue and growth opportunities this deal could bring. The substantial size of the agreement, valued at $9.7 billion, underscores the scale of IREN's operations and its strategic importance in the AI cloud services market.

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This significant deal involves the deployment of NVIDIA GB300 GPUs across IREN's expansive 750 MW Texas campus.</p>\n\n<p>The agreement represents a major milestone for IREN Ltd, positioning the company as a key player in the rapidly growing AI infrastructure sector. By partnering with Microsoft and utilizing cutting-edge NVIDIA GPUs, IREN is set to significantly enhance its capabilities in providing high-performance computing resources for AI applications.</p>\n\n<p>Investors reacted positively to this news, driving up IREN's stock price in anticipation of the potential revenue and growth opportunities this deal could bring. The substantial size of the agreement, valued at $9.7 billion, underscores the scale of IREN's operations and its strategic importance in the AI cloud services market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1158323751","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158323751","pubTimestamp":1762736592,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd (NASDAQ: IREN) saw its stock price surge 7.41% in Sunday's trading session, following the announcement of a massive $9.7 billion AI cloud services agreement with tech giant Microsoft. 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