IREN Rises 5.6% as AI Cloud Rally Lifts Data Center Stocks

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IREN stock rose 5.63% to close at $20.84 on Nov. 11, 2026, as AI cloud peers rallied following CoreWeave's strong earnings, which eased investor concerns about financing and demand in the sector. Trading volume hit 84.4 million shares, about 58% above the three-month average, while the S&P 500 gained 1.29% and the Nasdaq Composite rose 1.60%. Core Scientific and Cipher Digital also jumped over 8% in the same sector rotation. IREN's gains came despite CoreWeave's success not directly addressing its own struggles, including a slipped $4 billion ARR target and delayed Microsoft infrastructure deliveries due to requested modifications, highlighting risks from its heavy reliance on credit.


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IREN Rises 5.6% as AI Cloud Rally Lifts Data Center Stocks | News Minimalist