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via finance.yahoo.comMarkets

IREN stock plunges 18% as Microsoft raises concerns over data center delays

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- IREN Ltd. shares plunged 18% Thursday amid a broad technology selloff, with a Bloomberg report highlighting growing concerns at Microsoft over delays and execution risks among its neocloud partners. Still guessing which stocks will beat the market? Our AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock sees a sharp drop on execution risks at neocloud partners, with possible spillover to Nebius.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01According to Bloomberg, Microsoft is tightening oversight of data center projects with IREN, Nebius and Nscale.
  2. 02Microsoft is reconsidering whether to sign additional agreements with third-party infrastructure providers.
  3. 03IREN's Texas campus has faced cabling issues and a generator fire in April.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
IREN LimitedIRENStock18.24 USD-2.15%today -15.98%Negative Nebius Group N.V.NBISStock118.73 USD-3.02%today -16.10%Negative Microsoft CorporationMSFTStock541.09 USD-0.51%today -2.65%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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