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IREN falls 4% as AI pivot seen taking longer than expected
short by / on Thursday, 2 April, 2026
IREN fell 4.2% pre-market as Freedom Capital warned that its pivot from crypto mining to AI faces execution risks. This highlights the tension as Bernstein remains bullish with a $125 target on its AI cloud potential. The stock's decline mirrors broader market weakness tied to the Iran war. Despite the drop, retail sentiment on Stocktwits remains bullish.
read more at Stocktwits