IREN Stock Hits All-Time High—Still A 'Picasso At A Garage Sale'

1. IREN shares hit an all-time high, up over 21% this week. 2. Investor Andrew Wilkinson highlights IREN as significantly undervalued despite 400% annual gains. 3. IREN's power capacity of 2,910 MW could generate $4.4 billion annually. 4. Wilkinson projects IREN's enterprise value at $110 billion, growing with AI demand. 5. Bear risks include declining AI demand and execution in building data centers.