IREN Stock Rally Sparks 40% Surge in Leveraged ETFs After $2.8 Billion AI Deal Win
IREN stock surges 20% after raising its AI cloud revenue outlook, sending these leveraged ETFs soaring nearly 40%.
IREN stock jumped 20% because the company thinks it will make more money from AI cloud work. Some special investment tools that copy this stock's moves went up even more because they use borrowed money to magnify gains.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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