What's Going On With Iris Energy Shares Monday?
Portfolio Pulse from Dylan Berman
Iris Energy (NASDAQ:IREN) shares rose after announcing the purchase of 1,080 NVIDIA H200 GPUs for $43.9 million, expected to boost AI Cloud Services earnings to 10% by year-end. The company anticipates $32 million in annualized hardware profit.
September 16, 2024 | 4:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Iris Energy's purchase of NVIDIA GPUs is expected to increase its AI Cloud Services earnings to 10% by year-end, with an anticipated $32 million in annualized hardware profit. This strategic move has positively impacted IREN's stock price.
The purchase of NVIDIA GPUs is a significant investment for Iris Energy, expected to increase its AI Cloud Services earnings and annualized hardware profit. This strategic move has led to a positive market reaction, with IREN shares rising 3.57%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100