Analysts at research and brokerage firm Bernstein have issued a price target of $100 for IREN, following the announcement of a long-term strategic partnership with NVIDIA that includes a $3.4 billion AI cloud contract and an equity option allowing NVIDIA to invest $2.1 billion at $70 per share.
IREN shares closed at $56.85 on May 7, according to The Block's IREN price page, with…