October 13th 2026, 1:48 PM
IREN Stock Slumps Amid Anthropic Cloud Report Uncertainty
Key Summary
IREN Limited's stock dropped 4% as the market's enthusiasm for an unconfirmed report linking it to Anthropic's AI cloud contract faded. Core Scientific also fell 3% amid a broader pullback in data center stocks. The lack of confirmation from either company raises concerns about the report's accuracy and impact on the companies' prospects.
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Market Update
The stock of IREN Limited (NASDAQ:IREN) dropped 4% to $33.18, while Core Scientific (NASDAQ:CORZ) fell 3% to $14.51.Background
A published report had linked IREN to Anthropic's AI cloud contract, sparking a brief rally in the company's stock. However, neither IREN nor Anthropic has confirmed the report, leaving the market uncertain about the accuracy of the information.Industry Context
Both IREN and Core Scientific operate data centers and provide AI cloud services. IREN owns the power, land, and data centers behind its AI cloud platform, while Core Scientific operates data centers on a comparable conversion path.Key Entities
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Narrative Theme
Regulatory UncertaintyImpact Score
3Key Takeaways
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Image Prompt
A photo of a data center with a faint image of a cloud in the background, symbolizing the uncertainty surrounding IREN's relationship with Anthropic's AI cloud contract.#IREN#Anthropic#CloudComputing#DataCenter