Why Is IREN Stock Up 10% Today, 5/20/26?
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Iren Limited's shares surged over 10% as it reversed recent losses, driven by industry developments. A $2.6 billion deal between rival Nebius and Bloom Energy highlights strong demand in the AI cloud sector. Iren also secured a $5.6 billion deal and is expanding in Europe. Analysts rate IREN as a Moderate Buy, with a price target suggesting a 33% upside.
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