2 Major Catalysts Are Lifting IREN Stock. How to Play It Here. The recent surge in Iren Limited's shares has left many wondering what's behind this neocloud's remarkable ascent.
The company's latest developments, including its first cloud deployment for Microsoft and Exemplar Cloud status from Nvidia, have undoubtedly contributed to its 9% gain.
However, it's worth considering whether Iren's success is merely a symptom of a broader trend within the neocloud sector.