IREN stock is projected to increase by nearly 500% by 2028, driven by a partnership with Microsoft focused on artificial intelligence, according to Cantor.
Cantor analysts believe that the collaboration with Microsoft will significantly enhance IREN’s market position and growth potential. This deal is expected to leverage Microsoft’s AI capabilities, which could lead to substantial advancements in IREN’s operations and offerings.
The anticipated growth is attributed to the innovative applications of AI that will likely emerge from this partnership. Analysts suggest that these advancements could open new revenue streams and improve operational efficiencies for IREN.
Investors are closely monitoring this development, as the potential for such a dramatic rise in stock value could attract significant interest. The market’s reaction to this news may further influence IREN’s stock performance in the coming years.
