Iren & Nvidia

Iren: Iren is acquiring Nvidia's Blackwell systems from Dell for $1.6 billion to expand its AI cloud services, which is expected to increase its annualized run-rate revenue to $4.4 billion from $3.7 billion. This deal is crucial for Iren to meet the surging demand for AI compute capacity.

Nvidia: Nvidia's Blackwell systems are being purchased by Iren from Dell Technologies, indicating strong demand for Nvidia's advanced AI chips. Nvidia also has a separate investment deal with Iren to deploy infrastructure.

Iren: Iren is emerging as a significant data center builder, with a growing portfolio of grid-connected power and long-term cloud contracts with Microsoft and Nvidia, indicating its role in supporting AI infrastructure.

Nvidia: Nvidia, a key customer and partner of Micron Technology, relies on Micron's HBM chips for its AI processors. Nvidia's continued demand and collaboration have been instrumental in Micron's success and the broader AI infrastructure build-out.

Iren: Iren gained 8-10% on AI infrastructure optimism. The company is involved in data center operations.

Nvidia: Nvidia rose 3% as AI demand continues, with its chips powering data centers. The company remains a key beneficiary of the AI capex cycle.

Iren: Iren has secured a multi-year Microsoft GPU cloud contract and an Nvidia investment, positioning it for significant AI infrastructure delivery despite the industry's funding challenges.

Nvidia: Nvidia has invested in Iren, tying into the delivery of AI infrastructure, highlighting the broader tech industry's interest in this sector.