Nasdaq
华尔街日报IREN Stock Sell-Off Continues: What's Fueling The Move?
IREN Ltd (NASDAQ:IREN) shares slipped on Monday amid a broader pullback in momentum names. Here’s what you need to know.
- IREN stock is among today’s weakest performers. Why is IREN stock dropping?
What Happened: IREN has shifted its primary focus from mining operations to building and operating high‑performance data centers for artificial intelligence and GPU cloud services, which contributed to a boom in the company’s share price this year.
In November, the company announced a major five‑year, $9.7 billion GPU cloud deal with Microsoft, supplying Nvidia GB300s through new liquid‑cooled facilities at its Texas campus. The partnership highlights IREN's pivot into AI infrastructure and cements its role as a key provider for hyperscalers.
The stock seems to have been caught in a broader pullback among momentum names, with investors taking profits after its massive rally, rotating out of high‑growth trades and showing renewed caution around AI‑infrastructure valuations.
Despite the recent sell-off, IREN has been one of 2025's standout AI infrastructure trades. The stock has surged 270% year-to-date, a move that recently caught the eye of hedge fund legend Paul Tudor Jones — not as a buyer, but as a seller taking profits after the massive run.
Recent filings show Tudor Investment cut its IREN stake by more than 90%, cashing in after a roughly 300% rally from its average buy price. Based on filings and price history, Jones likely turned about $13 million into $53 million, locking in nearly $40 million in gains before trimming most of the position.
Technical Setup: IREN stock currently sits 19.5% under its 20‑day SMA and 33.1% below its 50‑day SMA, underscoring short‑term weakness. The RSI at 38.56 leans toward oversold territory, suggesting the stock isn't in a steep downtrend but lacks the strength for a quick rebound. Meanwhile, the MACD remains below its signal line, reinforcing the bearish tone and signaling caution for traders.
At present, there are no clearly defined support or resistance levels, making price action harder to anticipate. Moves toward prior highs or lows could serve as key inflection points, signaling either continuation or reversal depending on how the stock reacts.
IREN's technical setup calls for caution. While the longer‑term trend remains positive, the stock's struggle below key moving averages and mixed momentum signals mean traders should watch closely for shifts around prior highs and lows to gauge the next direction.
IREN Price Action: IREN shares were down 9.22% at $36.42 at the time of publication on Monday, according to Benzinga Pro.
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