Iren Jumps 15% on AI-Funding Buzz, Closes at $59.99 on Heavy Volume
Reports of a $20 billion Anthropic raise lifted sentiment around data‑center hosts like Iren.
Overview
- Iren shares rose 14.57% Tuesday to $59.99, with roughly 54 million shares traded, about 25% above average volume.
- Fresh reports that Anthropic is pursuing a $20 billion raise at a $350 billion valuation helped stoke expectations for AI compute demand.
- Broader tailwinds include $150 billion raised by AI startups in 2025 and TSMC’s plan to lift 2026 capital spending to $52–$56 billion.
- The rally reversed Monday’s drop that followed CoreWeave’s $2 billion partnership announcement with Nvidia.
- Despite an EPS miss of negative $0.34 versus a projected $0.14 profit and limited revenue so far from a $9.7 billion Microsoft deal, analysts keep a Moderate Buy rating with an $82.80 average target and shares are up nearly 60% year‑to‑date.