IREN Shares Plunge Following Record Highs

Investors in data center specialist IREN are receiving a harsh lesson in market volatility. The company’s stock has experienced a dramatic reversal, plummeting nearly 40% from its early November peak. This steep decline comes just weeks after the shares reached unprecedented levels fueled by a major corporate announcement, leaving market participants questioning the stability of this artificial intelligence sector player.

The downward trend gained momentum following a weekend rating downgrade. Wall Street Zen adjusted its position on IREN from “Hold” to “Sell” on Saturday, November 13th. This recommendation prompted intensified selling activity and reflects growing skepticism toward valuations within the AI infrastructure sector. Market experts are increasingly scrutinizing companies positioned Read more...