IREN (IREN) Stock Looks Near Fair Value On Sales

IREN has swung from a very large three year gain to a steep pullback in recent months, which puts fresh focus on whether its current market value lines up with the sales coming through its AI and data center build out. With the stock now around US$25.51 after sharp recent declines, the key issue is how much revenue power investors are implicitly paying for. IREN has returned roughly 7x over three years, which raises the question of how much future top line potential is already reflected in...