Reddit's Most Popular Stock Trades at 19x Sales After 3,568% EBITDA Jump

"Shares of IREN ( NASDAQ:IREN) are trading at $47.9, extending an impressive 17% gain over the past week. The stock now commands the highest social sentiment score across all tracked equities, registering 85 out of 100 on Reddit as of December 7. That puts IREN 18.6 points ahead of the second-place stock, Alphabet ( NASDAQ:GOOGL), which scored 66.4. Reddit Activity Surges on r/stocks IREN discussion on Reddit reached elevated levels over the December 6-7 weekend, with activity scores peaking at 44 and remaining above 30 across eight consecutive periods. The sentiment data shows concentrated discussion around the Microsoft AI Cloud contract, the company's profitability transformation, and its GPU deployment plans. The concentration of discussion within r/stocks, rather than dispersed across promotional subreddits, signals genuine community interest in the stock's fundamentals."

"IREN secured a $9.7 billion AI Cloud contract with Microsoft, targeting $3.4 billion in annualized run-rate revenue by the end of 2026 The company swung from a $51.7 million loss in Q1 2025 to $384.6 million in net income for Q1 2026, with adjusted EBITDA surging 3,568% year-over-year to $91.7 million Plans to deploy 140,000 GPUs across renewable-rich data centers position IREN as a vertically integrated AI infrastructure play"

"CEO Daniel Roberts described the Microsoft partnership as "landmark" during the November 6 earnings call, emphasizing the company's expansion into hyperscale customer segments. Despite missing revenue estimates by $5.5 million at $240.3 million, the profitability transformation and forward guidance drove the bullish"

IREN shares rose to $47.90, gaining 17% over the past week and achieving an 85/100 Reddit sentiment score, 18.6 points above Alphabet. Reddit activity on r/stocks spiked December 6–7 with sustained elevated activity and concentrated discussion around a $9.7 billion Microsoft AI Cloud contract, profitability improvements, and GPU deployment. Retail interest focuses on a projected $3.4 billion annualized run-rate by 2026, a swing to $384.6 million net income in Q1 2026, and plans to deploy 140,000 GPUs in renewable-rich data centers. CEO Daniel Roberts called the Microsoft partnership "landmark," and forward guidance supported bullish sentiment despite a $5.5 million revenue miss.

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