Stock Track | IREN Ltd Soars 6.58% on NVIDIA Strategic Partnership and $3.4 Billion AI Cloud Contract

Stock Track05-08

IREN Ltd's stock soared 6.58% during Thursday's trading session, as the company announced a major strategic partnership with NVIDIA and a significant AI cloud contract that overshadowed weaker-than-expected quarterly results.

The surge was driven by NVIDIA's commitment to invest up to $2.1 billion in IREN through a share purchase agreement, granting the chipmaker a five-year right to buy up to 30 million ordinary shares at $70 per share. Additionally, the companies revealed a $3.4 billion, five-year AI infrastructure cloud services contract for managed GPU cloud services.

Under the broader partnership, NVIDIA and IREN plan to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline, with future deployments expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas. These developments provided strong positive catalysts that offset investor concerns about IREN's third-quarter revenue of $144.8 million, which missed analyst estimates, and a net loss of $247.8 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143264648?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-08 08:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143264648","market":"sg","top_or_hot":-1,"title":"Stock Track | IREN Ltd Soars 6.58% on NVIDIA Strategic Partnership and $3.4 Billion AI Cloud Contract","media":"Stock Track","content":"<p>IREN Ltd's stock soared 6.58% during Thursday's trading session, as the company announced a major strategic partnership with NVIDIA and a significant AI cloud contract that overshadowed weaker-than-expected quarterly results.</p><p>The surge was driven by NVIDIA's commitment to invest up to $2.1 billion in IREN through a share purchase agreement, granting the chipmaker a five-year right to buy up to 30 million ordinary shares at $70 per share. Additionally, the companies revealed a $3.4 billion, five-year AI infrastructure cloud services contract for managed GPU cloud services.</p><p>Under the broader partnership, NVIDIA and IREN plan to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline, with future deployments expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas. These developments provided strong positive catalysts that offset investor concerns about IREN's third-quarter revenue of $144.8 million, which missed analyst estimates, and a net loss of $247.8 million.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | IREN Ltd Soars 6.58% on NVIDIA Strategic Partnership and $3.4 Billion AI Cloud Contract</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | IREN Ltd Soars 6.58% on NVIDIA Strategic Partnership and $3.4 Billion AI Cloud Contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-08 08:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>IREN Ltd's stock soared 6.58% during Thursday's trading session, as the company announced a major strategic partnership with NVIDIA and a significant AI cloud contract that overshadowed weaker-than-expected quarterly results.</p><p>The surge was driven by NVIDIA's commitment to invest up to $2.1 billion in IREN through a share purchase agreement, granting the chipmaker a five-year right to buy up to 30 million ordinary shares at $70 per share. Additionally, the companies revealed a $3.4 billion, five-year AI infrastructure cloud services contract for managed GPU cloud services.</p><p>Under the broader partnership, NVIDIA and IREN plan to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline, with future deployments expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas. These developments provided strong positive catalysts that offset investor concerns about IREN's third-quarter revenue of $144.8 million, which missed analyst estimates, and a net loss of $247.8 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1143264648","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143264648","pubTimestamp":1778198528,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd's stock soared 6.58% during Thursday's trading session, as the company announced a major strategic partnership with NVIDIA and a significant AI cloud contract that overshadowed...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"个股追踪|IREN Ltd因英伟达战略合作伙伴关系和34亿美元AI云合同飙升6.58%","themeId":"979fab5e4109808aaa6fa934315a1608","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"IREN Ltd's stock soared 6.58% during Thursday's trading session, as the company announced a major strategic partnership with NVIDIA and a significant AI cloud contract that overshadowed weaker-than-expected quarterly results.The surge was driven by NVIDIA's commitment to invest up to $2.1 billion in IREN through a share purchase agreement, granting the chipmaker a five-year right to buy up to 30 million ordinary shares at $70 per share. Additionally, the companies revealed a $3.4 billion, five-year AI infrastructure cloud services contract for managed GPU cloud services.Under the broader partnership, NVIDIA and IREN plan to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline, with future deployments expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas. These developments provided strong positive catalysts that offset investor concerns about IREN's third-quarter revenue of $144.8 million, which missed analyst estimates, and a net loss of $247.8 million.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143264648","isCrawlerRequest":true}