Microsoft AI cloud deal and 2GW growth path drive bull case for IREN
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Iren Ltd. (NASDAQ:IREN) has been identified as a trending AI stock, with H.C. Wainwright analyst Mike Colonnese upgrading the stock from Sell to Buy and setting a price target of $80.00. Analysts anticipate a transformative year for IREN, driven by a $9.7 billion Microsoft AI deal and a 2GW development pipeline.
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