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IREN Limited Rises 22% in 6 Months: Buy, Sell or Hold the Stock?
IREN Limited has seen a 22% rise in its stock over the past six months, outperforming its sector due to its strategic shift from crypto-mining to an AI Cloud Service Provider. The company is experiencing strong growth in its AI Cloud Business, with plans to significantly expand its GPU capacity and revenue. Despite this positive momentum, the article suggests a “Hold” rating due to intense competition from established players like Applied Digital and TeraWulf, and the stock’s premium valuation compared to the industry.