---
title: "IREN's Next Stop Could Be $100 Thanks To Nvidia Partnership: Bernstein"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285850558.md"
description: "Bernstein has set a $100 price target for IREN Ltd (NASDAQ: IREN) following its $3.4 billion AI cloud partnership with NVIDIA Corp (NASDAQ: NVDA), indicating a potential 76% upside from its recent closing price of $56.85. The strategic agreement enhances IREN's AI infrastructure credibility and GPU supply access, and includes an option for NVIDIA to invest $2.1 billion into IREN at $70 per share, strengthening IREN's position in its 2GW Sweetwater AI data project."
datetime: "2026-05-10T19:40:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285850558.md)
  - [en](https://longbridge.com/en/news/285850558.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285850558.md)
---

# IREN's Next Stop Could Be $100 Thanks To Nvidia Partnership: Bernstein

Bernstein has set a $100 price target for IREN Ltd (NASDAQ: IREN) following its new $3.4 billion AI cloud partnership with NVIDIA Corp (NASDAQ: NVDA), suggesting a potential 76% upside from the May 7 closing price of $56.85. The long-term strategic agreement not only provides IREN with crucial AI infrastructure credibility but also enhances its access to next-generation GPU supply, as reported by The Block. Additionally, the deal includes an equity option for NVIDIA to invest $2.1 billion into IREN at $70 per share. Bernstein believes that NVIDIA's involvement significantly bolsters IREN's positioning in relation to its flagship 2GW Sweetwater AI data project. For more details, visit Benzinga.com.

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