On May 26, IREN Ltd rose 6.38% in regular trading, trading at $58.78/share, with trading volume of $477 million. The rally was driven by multiple converging tailwinds across the AI infrastructure sector.

On the news front, Nvidia recently disclosed that H100 GPU rental prices have risen 20% year-to-date, while A100 cloud service pricing increased nearly 15%, underscoring a persistent AI computing supply shortage. Nebius simultaneously raised its H100 on-demand rental rate from $2.95 to $3.85 per hour, directly enhancing pricing power and revenue expectations for cloud service providers including IREN.

Additionally, prominent fund Situational Awareness substantially increased its position in IREN during Q1, betting on power and infrastructure bottleneck dynamics in the AI buildout cycle. IREN previously announced a $2.1 billion strategic partnership with Nvidia and secured a major Microsoft computing contract, with AI cloud revenue entering a rapid scaling phase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)