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Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells
Yahoo Finance·2025-11-03 19:08

(Reuters) -Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease ​the computing crunch that has kept the tech giant from fully cashing in on the ‌artificial intelligence boom. The news sent shares of IREN up as much as 24.7% to a record high on Monday, ‌with the stock last up nearly 10%. AI-server maker Dell was also up about 1%, as it would provide IREN with Nvidia's GB300 chips and other equipment that Microsoft will use f ...