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Tech industry
from24/7 Wall St.
5 days ago

IREN Jumps 7% on $3.4 Billion NVIDIA AI Cloud Deal, $2.1 Billion Share Investment Option

A $3.4 billion NVIDIA AI Cloud contract and a $70 equity option drove a major IREN stock surge, reframing the company as AI infrastructure.
fromAxios
2 months ago

Meta commits billions to Nvidia chips

Driving the news: Meta will buy millions of chips from Nvidia, ranging from standalone Grace CPUs to next-gen Blackwell GPUs and upcoming Vera Rubin systems, to use across its U.S. data center buildout. This makes Meta the first Big Tech firm to commit to buying standalone central processing units from Nvidia, which are used to run AI rather than train AI. This signals a shift toward inference over training, with the latter typically requiring more intense and expensive general processing units, or GPUs
US news
Business
from24/7 Wall St.
6 months ago

Live: Complete Coverage of IREN Limited (IREN) Q1 Earnings

IREN has pivoted from Bitcoin mining to building AI data center infrastructure and is targeting a $200–$250 million annualized AI cloud run-rate by December.
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