Bitcoin Miner IREN's AI Pivot Earns $100 Price Target at Cantor Fitzgerald

“While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run,” said analyst Brett Knoblauch.

🔗 Read Full Article

💡 DMK Insight

This highlights a growing confidence in the GPU cloud sector, which is increasingly seen as a critical driver of future growth. As companies pivot towards this technology, it suggests that investors should keep a close eye on how these shifts impact overall market dynamics. The potential for further upside could reshape sentiment, especially as demand for cloud computing continues to surge.