Amphenol CorporationAPH
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Data centre revenue grew 81% YoY, now one-third of total revenue, driven by AI infrastructure buildout.
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Aoris Investment ManagementPrivate± Mixed
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IREN Fair Value Trimmed to US$79.03 as AI Cloud Wins Meet Build Out Risks
IREN's fair value estimate has been trimmed from US$80.93 to US$79.03, a modest adjustment reflecting a mix of growing AI cloud contracts and ongoing questions around execution and supply build out through 2027. The revision lifts revenue growth assumptions to 168.01% from 125.79% and net profit margin expectations to 11.73% from 5.79%, while the future P/E assumption drops to 31.26x from 90.29x and the discount rate rises to 9.41% from 8.83%. On the bullish side, JPMorgan shifted IREN from Underweight to Overweight with a US$65 price target, citing a partnership with Nvidia, new customer signings and higher industry pricing, while H.C. Wainwright raised its target to US$90 after IREN announced US$2.8b of new multi year AI cloud contracts and lifted its 2026 AI cloud annual recurring revenue target to more than US$4b. Northland initiated IREN at Outperform with a US$99 price target, and Freedom Capital upgraded the stock from Hold to Buy. Freedom Capital nonetheless flagged execution on supply additions over the next two years as a central risk, noting the story depends heavily on adding capacity on schedule.
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Nvidia-Backed Nscale Files for US IPO After $1.02 Billion Loss
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Goldman Sachs Warns S&P 500 Earnings Growth Set to Cool
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