IREN stock prediction: $30.63 bull, $10.22 bear
By Tobi Opeyemi Amure
AI summary of the source article
IREN Limited's shares fell to $24.905 on October 23, 2026, dropping 43.6% from September 25 despite maintaining its filed contract book. Filings show agreements including approximately $9.7 billion with Microsoft and $3.4 billion with NVIDIA.
Key facts
- IREN closed at $24.905 on October 23, 2026, bringing its market equity to about $9.81 billion across 394,058,648 ordinary shares.
- The company's Form 10-K reported a Microsoft agreement valued at roughly $9.7 billion and an NVIDIA cloud contract valued at about $3.4 billion.
- As of June 30, 2026, IREN held $5,895.6 million in cash, $6,745.7 million in convertible notes principal, and $13,810.0 million in capital commitments.
Source excerpt · FinanceFeeds
The obvious reading of the slide in IREN Limited is that the AI-cloud contract book broke, and it did not. Nasdaq's official close on Friday, 23 October 2026, was $24.905 on volume of 39,056,460 shares, down 2.37% from the prior close of $25.51, inside a day's range of $24.88 to $26.47, and 43.6% below the 25 September close of $44.125. Using the last 90 daily log-returns, the sessions through 31…