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via finance.yahoo.comMarkets

IREN stock falls about 4% even as JPMorgan rates it Buy

FROM THE WIRE · FINANCE.YAHOO.COM

Shares in AI data center operator IREN Limited (IREN) fell about 4% to around $21 on Tuesday morning. This came even after four-star JPMorgan analyst Richard Choe assigned the stock a Buy rating. Choe is bullish on IREN's fiscal Q1 2027 earnings, which showed AI cloud revenue…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralIREN shares fall despite a reiterated Buy rating, with AI cloud revenue growing strongly.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01IREN shares fell about 4% to around $21.
  2. 02JPMorgan analyst Richard Choe reaffirmed the Buy rating.
  3. 03AI cloud revenue rose 182% quarter over quarter to $200 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
IREN LimitedIRENStock19.73 USDMarket closedtoday -7.85%Negative Microsoft CorporationMSFTStock533.16 USDMarket closedtoday -2.20%Neutral NVIDIA CorporationNVDAStock168.89 USDMarket closedtoday -5.47%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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