US stocks surged | Reached $3.4 billion AI cloud computing contract with NVIDIA, IREN (IREN.US) opened up over 10%

According to the Wise Finance APP, on Friday, IREN (IREN.US) opened higher by more than 10%, hitting a new high for the year with an 85% increase since April. In terms of news, NVIDIA (NVDA.US) will invest up to $2.1 billion in data center developer IREN, as part of a broader cooperation between the two companies aimed at accelerating the development of artificial intelligence (AI) infrastructure. In a statement on Thursday, the two companies stated that IREN has agreed to grant NVIDIA the right to purchase up to 30 million shares at an exercise price of $70 per share within five years.