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MarketBeat
MarketBeat
Chris Markoch

Microsoft and IREN’s $9.7B AI Deal Could Spark MSFT Stock Rally

Microsoft IREN Azure MarketBeat Nasdaq

In early October, Microsoft Corp. (NASDAQ: MSFT) and IREN Limited (NASDAQ: IREN) announced a $9.7 billion partnership. The deal, which runs through 2031, will give Microsoft access to NVIDIA Corp. (NASDAQ: NVDA) G8300 GPUs.

This is a notable example of the trend towards infrastructure as a service (IAAS), driven by the need for scalable data centers to meet the growing demand for artificial intelligence (AI).

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