Bernstein sets $100 IREN target

Bernstein has set a $100 price target for IREN, following a significant $3.4 billion deal with NVIDIA centered around AI technologies. This analyst upgrade suggests strong confidence in IREN's future growth prospects, particularly its integration and utilization of advanced AI capabilities facilitated by the NVIDIA partnership. The target implies substantial upside potential for investors, reflecting expectations of accelerated development and market penetration driven by this strategic collaboration.