IREN Drops 18% in a Week Despite Booming AI Demand as $30B Spending Plan Raises Questions
IREN Ltd. (NASDAQ: IREN ) shares have lost about 18% from their Sept. 22 close, even as demand for the company’s AI computing capacity remains strong. The concern is what that growth will cost. IREN plans $25 billion to $30 billion of fiscal 2027 capital spending, raising questions over financing and future returns. AI