Nvidia Rally Boosted by Iris Energy GPU Deals and a Big Investor Buy
TL;DR Summary
Nvidia stock rose after-hours as Iris Energy said it ordered more than 50,000 Nvidia GPUs, signaling strong AI-chip demand, while billionaire investor Leo KoGuan disclosed a 1 million-share NVDA purchase with plans for more. Iris Energy plans to expand to 150,000 GPUs and targets AI-cloud revenue above $3.7 billion by 2026, with Wall Street maintaining a Strong Buy on Nvidia and a price target around $271.89 (roughly 48% upside).
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