Wall Street’s biggest IREN bull has increased the price target to $142 following Microsoft’s $9.7 billion deal related to artificial intelligence. This significant adjustment reflects a positive outlook on IREN’s potential growth stimulated by the recent partnership. Analysts have pointed to Microsoft’s investment as a substantial factor that could influence IREN’s trajectory in the AI market. The deal is viewed as a strong endorsement of IREN’s capabilities in this increasingly competitive landscape. With rising interest in AI technologies, the outlook for companies engaged in this sector appears promising, and IREN’s positioning may benefit as these trends continue to unfold.
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