Is IREN (NasdaqGS:IREN) Overvalued After Its AI Expansion Questions?

IREN Ltd. has seen its stock swing sharply in recent years, and those moves now put a spotlight on a simple question. Is the current share price at US$38.69 broadly in line with what the business is generating in sales, or has the story run ahead of the revenue base? Over the past three years the share price has risen by a very large amount, which makes the link between IREN's market value and its underlying sales more important for anyone considering the next phase. Recent debate around...