IREN Shares Drop After Report Links Company to Microsoft AI Spending Delay
A report said IREN contributed to Microsoft’s lower AI capital spending last quarter. The body also says cloud and AI stocks came under pressure Wednesday.
IREN Ltd. (IREN) drew attention from retail traders on Wednesday as cloud and AI stocks came under pressure after Democrats won the midterm elections. The Australian data center company also faced scrutiny after a report said it contributed to Microsoft’s lower AI capital spending last quarter.IREN…