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Wall Street splits on IREN as bitcoin miner bets big on AI cloud

H.C. Wainwright reiterated a Buy rating and $90 price target on AI revenue growth, even as analysts flag the strategy shift as high-risk.

H.C. Wainwright reiterated its Buy rating on IREN with a $90 price target, citing growing AI revenue, while independent analysis calls the stock's pivot from bitcoin mining to AI cloud computing a high-risk, high-reward bet.

SPECIAL REPORTBULLISH

Dollar and Asia FX Sit Still Ahead of Warsh's First Jackson Hole Speech as Fed Vice Chair

South Korea's won hit a 13-month high after the Bank of Korea's rate hike, even as broader currency markets stayed quiet awaiting Warsh's remarks.

Asia FX and the dollar traded in a narrow range ahead of Kevin Warsh's Jackson Hole speech, with South Korea's won the standout mover after a Bank of Korea rate hike pushed it to a 13-month high.

SPECIAL REPORT
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