IREN Stock Price Forecast Ahead of Earnings: Buy the Dip?
IREN stock price tanked by nearly 20% on Tuesday as investors dumped artificial intelligence (AI) companies and as Bitcoin continued its strong downward spiral. It retreated to $44, down by 30% from the year-to-date high of $63. So, what’s next for its earnings?
Why IREN Stock Price is Crashing
IREN stock is in a strong downward trend as investors reacted to the ongoing decline of other companies in the artificial intelligence industry.
For example, data shows that AMD stock dropped by 16% on its worst day in over a year. NVIDIA stock declined by 4% and is down by more than 10% from its highest level in 2025.
CoreWeave stock plunged by over 8%, while Bitfarms dropped by 15%….
