Stock Track | IREN Ltd Extends Losses with 5.13% Pre-market Plunge Amid Ongoing AI Sector Selloff

Stock Track
Nov 21, 2025

IREN Ltd, a prominent player in the AI infrastructure space, saw its stock plummet 5.13% in pre-market trading on Friday, continuing the downward trend from the previous day's after-hours session. This latest decline comes as part of a broader selloff in AI-related stocks, despite initial optimism following Nvidia's strong earnings report.

The pre-market plunge follows a turbulent Thursday for IREN and other AI stocks. Initially, IREN's shares had surged by 10% at market open, buoyed by Nvidia's record-breaking data-center revenue results. However, the enthusiasm was short-lived as the stock reversed course, ending the regular trading session down 5.04% and then falling an additional 6.81% in after-hours trading.

Market analysts attribute the continued selloff to several factors. Despite Nvidia CEO Jensen Huang's optimistic projection of a $3-4 trillion addressable market for AI infrastructure by 2030, investors have grown cautious. A stronger-than-expected jobs report lowered the probability of a December rate cut, sparking concerns that higher borrowing costs would disproportionately affect high-growth tech stocks. This macroeconomic backdrop, combined with profit-taking after the initial AI rally, has led to a broader reassessment of AI stock valuations, with IREN being particularly hard hit in both after-hours and pre-market trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10