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IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits
Key takeaways
- The long-term narrative for IREN pivots on execution risk of scaling multi-gigawatt AI infrastructure against a backdrop of $247.8 million in Q3 net losses from shrinking legacy Bitcoin (BTC) operations.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Iren wasn t one of them.
- Profit-takers are clearly stepping in after a parabolic run.
IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits David Moadel Mon, May 11, 2026 at 8:16 PM GMT+7 4 min read IREN NVDA BTC-USD Quick Read Iron Net (IREN) shares fell Monday morning, possibly due to profit-taking after Friday’s 8% rally on a $3.4B NVIDIA (NVDA) AI cloud partnership and a $2.1B share purchase option for NVIDIA.
The long-term narrative for IREN pivots on execution risk of scaling multi-gigawatt AI infrastructure against a backdrop of $247.8 million in Q3 net losses from shrinking legacy Bitcoin (BTC) operations.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Iren wasn t one of them. Get them here FREE.
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