Key PointsGartner doesn't see enough AI revenue coming to support the current pace of AI infrastructure build-out.

Neocloud Stock Collapse: Buying Opportunity or Run for the Hills?

Key PointsFor AI companies, huge backlogs don't cover today's bills.

AI Cloud Spending Is Splitting Companies Into the Funded and the Stretched

Iren (NASDAQ:IREN), a vertically integrated AI cloud and data center operator transitioning from Bitcoin mining, closed at $30.39, down 0.56%. The stock sank below $27 per share in early trading amid reports of pressure on AI infrastructure funding, following Gartner's warning th

Stock Market Today, Oct. 15: Iren Stock Recovers, but Still Slides on Concerns Over Neocloud Provider Viability

The S&P 500 Index ($SPX ) (SPY ) is down by -0.57% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.71%.  December E-mini S&P futures (ESZ26 ) are down -0.58%, and December E-mini...

Stocks Pressured as Chipmaker Selloff Deepens

The S&P 500 Index ($SPX ) (SPY ) closed down by -1.11% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.02%.  December E-mini S&P futures (ESZ26 ) fell -1.16%, and December E-mini...

Stocks Sharply Lower on Inflation Woes and Slumping Chipmakers

The S&P 500 Index ($SPX ) (SPY ) is down by -0.75% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.11%.  December E-mini S&P futures (ESZ26 ) are down -0.80%, and December E-mini...

Stocks and Bonds Fall on a Strong CPI Report

IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.

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