The tech sector is experiencing an uptick, potentially driving the S&P to record highs as momentum investors seek opportunities amid volatility. September and October are typically choppy months, and pullbacks present chances to buy into overheated stocks. IREN and NBIS are identified as promising AI infrastructure investments. IREN, now focusing on AI after moving away from Bitcoin mining, has seen significant growth, evidenced by a 177% increase in the last three months in market cap. NBIS also holds promise for future profitability.
IREN Limited is a hyper-growth mid-cap with a $4.4 billion market cap that's gained the attention of momentum traders after bouncing 177% in the last three months.
The tech rally is back online and could help pull the S&P to new record highs steadily through the remainder of the year.
IREN's AI shift is paying dividends while NBIS is poised to become profitable if all goes well in coming quarters.
Such pullbacks are an expected part of being a high-growth investor in the fast lane.
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