🟢 IREN is trading 3.2% up today on AI expansion optimism and short-covering

IREN is trading at $41.24 (+3.16%) today, rebounding from Friday's drop despite broader weakness in the crypto and equity markets.

• The stock's recovery follows a -7.65% decline to $39.98 on Friday, likely driven by short-covering and positive sentiment surrounding AI data center expansion, the Microsoft deal, and GPU projections.
• The gain contrasts with a downward trend in the crypto sector, with BTC down -2.14% and ETH down -1.83%, while the S&P 500 has slipped -0.69%.
• Positive analyst outlooks continue to support the stock, highlighting a potential $3.4B in AI-related revenue by 2026.