Iren Shares Drop Due to AI Spending Concerns and Analyst Price Cut
Iren (IREN) shares fell 8.11% on April 28, 2026, due to concerns over AI infrastructure spending and a price target cut by Bernstein. The stock closed at $44.44, with trading volume above its three-month average. The broader market also saw declines, with the Nasdaq Composite down 0.90%.
Topics: AI infrastructure Bernstein price target Iren (IREN) stock price movement