IREN Stock Plunged Last Week. Now Could Be a Good Time to Buy.

IREN's stock fell 15% after quarterly earnings missed expectations, despite strong AI data center fundamentals. The cloud computing provider is nearly sold out of capacity through 2026 with $4 billion in annualized revenue secured. AI cloud services revenue more than doubled sequentially, though total revenue declined 5% due to cryptocurrency mining exit. Analysts remain bullish with price targets suggesting 150%+ upside potential.