Bernstein sets $100 IREN target after $3.4 billion NVIDIA AI deal
Bernstein sets $100 IREN target after $3.4 billion NVIDIA AI deal
Bernstein set a $100 price target on IREN, implying 76% upside from the stock’s Thursday close of $56.85 following a partnership with NVIDIA.The agreement includes a $3.4 billion cloud contract for NVIDIA’s internal workloads and provides NVIDIA the right to invest $2.1 billion in equity.
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