IREN Today - Jul 09: Analyst Talks Supply Schedule

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IREN Today - Jul 09: Analyst Talks Supply Schedule

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Hey, what’s up? It’s Joey here, your friendly neighborhood investor. I’ve been in this game for a while, and today we’re talking about IREN. It was a red day for them, down about 1.4%. Ouch, right?

So, what happened today? Well, IREN was trying to shake off a rough patch. They were on the verge of breaking a nine-day losing streak, but it didn’t quite happen. The stock had a bit of a slow bleed today, with some investors still feeling the heat from that recent downturn. The volume was pretty high too, but it didn’t really translate into movement.

Now, why did this happen? There are a few things swirling around. Some analysts are saying that IREN's story is all about getting that supply in place on schedule. They’re in the game of AI compute financing and have some ties with NVIDIA, which is pretty juicy. Jim Cramer even chimed in, saying it’s “growing like a weed.” That’s a solid endorsement! But there’s also chatter about the market possibly having it wrong when it comes to IREN’s potential. So, there’s definitely some mixed signals here.

Looking ahead, one thing to keep in mind is the infrastructure buildout they’re working on. They’ve got some serious plans for a 5 GW global rollout, which could be a game changer if they pull it off.

So yeah, today was a bit of a bummer for IREN, but there’s still some hope on the horizon. Just remember, this is all for fun and info, not financial advice. Catch you later!

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