IREN Ltd. com Inc.
(NASDAQ:AMZN) Amazon Web Services and Alphabet Inc. That example highlights the potential value of quickly deploying computing infrastructure, which could support demand for providers such as IREN.
The Information said heavier server leasing could pressure margins, while lower spending from major customers including Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc.
JPMorgan analyst Richard Choe recently upgraded IREN to Overweight from Underweight and raised his price forecast to $65 from $46. BTIG analyst Gregory Lewis recently maintained a Buy rating and an $80 price forecast.
He said IREN’s integrated power-and-compute model and NVIDIA Corp.
