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Stock Market Today, Jan. 12: Iren Jumps on Bernstein Naming It Top AI Pick After Microsoft Contract Win
On Jan. 12, 2026, a Bitcoin-linked data center operator’s AI pivot and Microsoft deal put its growth strategy under the spotlight.
Iren (IREN +5.29%), a vertically integrated data center operator previously specializing in Bitcoin (BTC +4.60%) mining, closed Monday at $50.33, up 9.34% on the day. Iren IPO'd in 2021 and has grown 106% since going public. Trading volume reached 52 million shares, coming in about 37% above versus its three-month average of 37.8 million shares.Monday's trading is reflecting renewed interest in crypto-exposed AI infrastructure plays, with investors watching Iren's Microsoft (MSFT 1.44%) AI contract and pivot toward high-performance computing.
The S&P 500 (^GSPC 0.19%) added 0.15% to finish at 6,977, while the Nasdaq Composite (^IXIC 0.10%) climbed 0.26% to 23,734. Within capital markets industry names, peers Mara Holdings (MARA +2.82%) and Riot Platforms (RIOT +1.76%) gained 4.21% and 7.38%, respectively, as traders track Bitcoin levels and the evolving role of miners in AI and data-center growth.
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IREN: Cheap Valuation Means I Am Doubling Down (NASDAQ:IREN)
IREN Limited (IREN) stock has lost approximately one-third of its value since its early November peak when the stock traded above $75. Such a significant dip occurred after the FQ1 2026 earnings release, which looks more
Analyst’s Disclosure:I/we have a beneficial long position in the shares of IREN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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