Key Highlights
- Recent earnings reports from chipmakers show that AI demand is accelerating.
- 10 stocks we like better than Iren › Iren (NASDAQ: IREN) has more than tripled this year, comfortably outpacing the S&P 500, due to its pivot to AI infrastructure.
- However, the growth stock has lost more than 50% of its value in less than two months.
- Misguided concerns about an artificial intelligence (AI) bubble have put considerable pressure on leaders like Iren, and the recent drop looks like an attractive buying opportunity.
- Image source: What's driving the current drop Some of Iren's recent losses and declines in the broader AI market are based on questionable rumors.
