AI cloud infrastructure is starting to get more attention. $IREN Ltd(IREN)$ jumped 19.69% after it raised its annual recurring revenue target to over $4 billion, driven by new AI cloud contracts. Its customer list now includes Microsoft, Nvidia, Perplexity, and Figure.
We're seeing strong capital rotation into neocloud and colocation names. HUT was up 10.45% on news of a 15-year, $9.8 billion AI data center lease. Meanwhile, $Cipher Mining Inc.(CIFR)$ gained 16.76%, $CleanSpark, Inc.(CLSK)$ rose 13.7%, and $WhiteFiber, Inc.(WYFI)$ increased 9.18%.
$NEBIUS(NBIS)$ and CRWV are moving a bit slower for now. Still, the AI compute infrastructure theme is being repriced following new catalysts, including headlines about the Kimi compute shortage and fresh contract announcements.
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