🔴 IREN is trading 10% down today amid an AI-infrastructure sector selloff

IREN is trading 10.04% down at $25.95, amid broad weakness in technology and AI-infrastructure stocks.

• The Nasdaq is down 1.78%; Bitcoin and Ethereum are down 0.65% and 1.36%, respectively. A report described a sector-wide selloff in AI-cloud and neocloud companies, with IREN’s high-beta profile amplifying the decline.
• No confirmed IREN-specific negative announcement explaining the October 29 move surfaced in available reporting. Volume was approximately 65.4 million shares, above average, though external quotes differ from the supplied live-price context.