Anthropic's Cloud Contracts Top $180B, Nvidia Says; IREN Among Australian Neocloud Partners
IREN sits 46% above its 52-week low of $28.93 on light trading volume (0.2× avg).
Summary
Nvidia disclosed that Anthropic's contracted value across cloud and neocloud providers has surpassed $180B, with 2.5GW of Nvidia AI infrastructure to be shipped through 2028. IREN is named among Australian neocloud partners planning 2GW of capacity online by 2027. This follows IREN's July guidance raise to over $4B ARR and its $9.7B Microsoft contract; the new disclosure underscores the scale of AI infrastructure demand that IREN is positioned to serve. Nvidia also expanded its buyback by $150B to $235B, a positive signal for the AI ecosystem. Watch for IREN's next earnings update to see if it raises ARR guidance further given this demand backdrop.
At the time of this announcement, IREN was trading at $42.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $16.6B. The 52-week trading range was $28.93 to $76.87. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.