🤯 $20B Backlog. $7B Stock.
IREN $IREN ( ▲ 20.02% ) is worth about $7 billion.
Its revenue target for FY28? $7.4 billion.
So the market is valuing this AI data center builder at less than one year of its own planned sales.
Either Wall Street knows something scary, or it got spooked and sold first, asking questions never. So let’s figure out what’s really going on here.
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