IREN Price Action, Microsoft AI Deal, Financing Moves, and Analyst Forecasts
New York time check: It’s 3:08 p.m. ET on Friday, December 26, 2025 in New York, and U.S. markets are still open with less than an hour to the closing bell.
IREN Limited (NASDAQ: IREN) is trading in a classic year-end tug-of-war: AI-infrastructure optimism vs. crypto-linked volatility, all in a holiday-thinned tape where price swings can look louder than the underlying news.
As of 3:08 p.m. ET, IREN stock is at $40.93, down about 2.5% from the prior close, after moving between $39.53 and $42.80 on the day with roughly 15.6 million shares traded.
The market backdrop right now
The broader market tone is mixed but not panicked—more “end-of-year drift” than “risk-off.” Around the same time:
- SPY (S&P 500 ETF) is roughly flat to…
