IREN stock soars, driven by massive gains in AI cloud sales

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IREN Ltd. (IREN) stock is surging higher after reporting that its AI cloud sales have doubled since last quarter. Interactive Brokers chief strategist Steve Sosnick and AInvest managing editor Adam Shapiro join Pras Subramanian to discuss IREN's post-earnings stock moves. Video Transcript 00:00 Speaker A It's actually doing well here after it had earnings. Now, this is because it was it's been down a lot, right? 00:06 Speaker A This neo cloud firm getting hit hard like a number of these names have been. 00:10 Speaker A Uh they talking about how 4 billion in annual recurring revenue projected for 2026 was now going to be pushed out 00:17 Speaker A till at least January. So that's not necessarily good.