Shares of IREN Ltd climbed more than 7% on Tuesday as positive sentiment spread across the artificial intelligence infrastructure sector. Anthropic’s IPO filing drew investor attention to the company’s significant spending on computing and data center infrastructure.
The market reaction suggests investors see IREN as a potential beneficiary of rising demand for AI computing capacity. The rally was also fueled by rumors that Anthropic may be one of IREN’s newest flagship AI cloud customers, a possibility investors are watching closely.