Shares of IREN surged 20% as Microsoft signed a $9.7 billion deal with the Australian AI company, gaining access to Nvidia’s advanced chips hosted at IREN’s Texas campus. Despite the stock’s rise, caution is advised due to shaky fundamentals and high valuation compared to peers like Nvidia. Wall Street analysts recommend trimming exposure.

Read more at Yahoo Finance: A $9.7 Billion Reason to Buy IREN Stock Right Now