IREN Stock Hits New 52-Week High: What’s Driving The Action?
IREN Ltd (NASDAQ:IREN) shares surged to a new 52-week high on Thursday. The rally underscores soaring investor confidence in the company’s pivot from Bitcoin mining to the booming artificial intelligence sector. Here’s what investors need to know.
• IREN is testing upper boundaries. See the market dynamics here.
What To Know: The fresh peak comes just a day after the stock slid on news of an $875 million convertible senior note offering, demonstrating strong underlying momentum that overcame initial dilution concerns.
Fueling the bullish sentiment are high-profile endorsements and ambitious growth targets. Prominent investor Eric Jackson touted IREN as a potential “100x wealth machine,” projecting a trajectory from $9 to $900. The company’s strategic shift has …
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