Down 47.5%, IREN Still a Top 10 AI Pick for 2026
Despite falling 47.5% since highs, I picked $IREN Ltd(IREN)$ as one of my Top 10 AI stocks for 2026!
- Efficient Data Centers
- Cheap Renewable Energy Access
- Huge $9.7B Anchor agreement with $Microsoft(MSFT)$
But most importantly, they have access to 3GW of electricity at a time when electricity access is poised to become the biggest bottleneck to AI development.
In a recent interview, Jensen Huang of $NVIDIA(NVDA)$ said that the US is losing the AI energy race to China. Simply put, it doesn't matter how many chips you have and how efficient they are if there is no electricity to power them.
IREN energy capacity is starting to look increasingly "tasty", positioning them to demand more favourable terms from clients, possibly starting a bidding war.
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