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Benzinga
Benzinga
Business
Namrata Sen

IREN Stock Up Nearly 900% Over 6 Months, Rises 8% Before The Bell: What's Driving The Surge?

IREN IREN Ltd NVDA Nvidia Corp Artificial Intelligence
Stuttgart,,Germany,-,05-02-2024:,Mobile,Phone,With,Logo,Of,Australian

Shares of IREN Ltd (NASDAQ:IREN) climbed 8% in pre-market trading on Tuesday, as the data center operator announced multi-year agreements with major artificial intelligence companies deploying NVIDIA Corp.’s (NASDAQ:NVDA) Blackwell GPUs.

AI Pivot, Cloud Service Deals Drive Stock Surge

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