IREN Just Got a Reality Check From Wall Street

This article first appeared on GuruFocus. IREN Limited (IREN, Financials) declined by 3% in premarket trade after Jones trade launched coverage with a Hold recommendation, citing multiple obstacles that hinder the AI cloud company's growth story despite robust computer capacity demand. Warning! GuruFocus has detected 7 Warning Signs with IREN. Is IREN fairly valued? Test your thesis with our free DCF calculator.IREN GF Value chart Analyst Kevin Dede called IREN "polarizing," citing its vast customer base and its only investment-grade customer, Microsoft (MSFT). The cautious call comes despite IREN winning major AI business this year. The company signed a $3.4 billion cloud services contract and a $2.