Why Did Iren Stock Plunge but Then Recover This Week?

Multibillion-dollar deals continue to be announced to add data center compute power for artificial intelligence (AI) applications. Yet some investors are skeptical that a bubble may be forming with AI stocks.One name that is caught up in the bubble talk is Iren (NASDAQ: IREN). Iren shares plunged as much as 14% at the low for the week. A recovery on Thursday and Friday helped pare that drop. As of Friday morning, Iren stock was actually up by about 2% for the week, according to data provided by S&P Global Market Intelligence.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool