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Benzinga
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IREN Stock Rallies After Strong Q4 Earnings Beat, NVIDIA Preferred Partner Status

1. IREN reported Q4 earnings of 66 cents, beating estimates significantly. 2. Annualized revenue from AI Cloud may reach $200-$250 million by 2025. 3. IREN achieved NVDA Preferred Partner status, enhancing partnership opportunities. 4. Capacity to deploy over 60,000 NVDA GPUs boosts future growth potential. 5. IREN's stock surged, indicating market confidence in NVDA-related ventures.

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FAQ

Why Bullish?

IREN's strong earnings and GPU deployment likely signal increased demand for NVDA products.

How important is it?

IREN's partnership with NVDA and financial growth indicate a strong strategic alignment.

Why Long Term?

Growing AI demand and IREN's expansion plans will benefit NVDA over the next few years.

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