Shares of IREN are trading higher after the company appointed Morgan Stanley as a financial advisor in connection with evaluating monetization opportunities in the AI data center market.
Portfolio Pulse from Benzinga Newsdesk
Shares of IREN are trading higher after the company appointed Morgan Stanley as a financial advisor to evaluate monetization opportunities in the AI data center market.
July 16, 2024 | 12:17 pm
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POSITIVE IMPACT
IREN's stock is trading higher following the appointment of Morgan Stanley as a financial advisor to explore monetization opportunities in the AI data center market.
The appointment of a reputable financial advisor like Morgan Stanley to explore monetization opportunities in a high-growth sector like AI data centers is seen as a positive development by investors, leading to a rise in IREN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100