Why Iren Limited Stock Surged Over 25% This Week

It's been an eventful week in the artificial intelligence (AI) space. One AI cloud infrastructure provider announced a surprisingly large deal with tech giant Microsoft. Oracle also shocked investors by announcing that its cloud infrastructure backlog has more than quadrupled year over year.That led the stock of one relatively small AI data center manager to surge. Iren Limited (NASDAQ: IREN) shares have soared about 80% in the last month, including almost 26% this week as of Thursday's closing bell, according to data provided by S&P Global Market Intelligence.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool