{"id":18205,"date":"2025-12-17T19:18:52","date_gmt":"2025-12-17T19:18:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/iren-stock-crashes-55-from-ytd-high-amid-ai-bubble-fears\/"},"modified":"2025-12-17T19:19:03","modified_gmt":"2025-12-17T19:19:03","slug":"iren-stock-crashes-55-from-ytd-high-amid-ai-bubble-fears","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/iren-stock-crashes-55-from-ytd-high-amid-ai-bubble-fears\/","title":{"rendered":"IREN stock crashes 55% from YTD high amid AI bubble fears"},"content":{"rendered":"
\n

IREN stock price has slumped by over 55% from its highest point this year amid elevated jitters on the artificial intelligence bubble.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • IREN shares have plunged by 55% from the year-to-date high.<\/li>\n
  • It has dropped to its lowest level since September this year.<\/li>\n
  • There are concerns about the ongoing AI bubble.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    After soaring to a record high of $76 in November, the stock has tumbled to $35 today. This crash has coincided with that of other companies such as CoreWeave, Nebius, and Bitfarms.<\/p>\n

    IREN\u2019s slump has accelerated following last week\u2019s earnings reports from top AI companies such as Oracle and Broadcom. Oracle\u2019s results showed that the highly indebted company made a negative free cash flow as it spends heavily on data centers. Its stock has now crashed by over 50% from its peak this year.\u00a0<\/p>\n

    There are also lingering concerns about its funding. Just recently, the company raised over $2 billion through a combination of equity and convertible debt. This funding is necessary as it boosts its presence in the AI industry, where it recently received a $9.7 billion order from Microsoft.<\/p>\n

    <\/p>\n

    Competition in the industry is also rising as more Bitcoin (BTC) mining companies move to the business. For example, Hut 8 secured a $10 billion order from Anthropic today. Other neocloud companies gaining market share include Lambda Labs, Nebius, and CoreWeave.\u00a0<\/p>\n

    As such, potential customers now have greater negotiating power, a development that may affect its pricing and margins.\u00a0<\/p>\n

    IREN stock is also falling as Bitcoin remains under pressure. It has dropped from $126,250 in October to the current $87,000. This is important because, although IREN is regarded as a neocloud infrastructure company, it currently derives most of its revenue from Bitcoin mining. As such, the decline in Bitcoin\u2019s price may reduce its revenue.<\/p>\n

    IREN stock price technical analysis<\/h2>\n
    IREN share price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily chart indicates that the IREN share price has declined sharply over the past few days. It has dropped from $77 to $35, which is below the 50% Fibonacci Retracement level.<\/p>\n

    IREN remains below the 50-day and 100-day Exponential Moving Averages, a sign that bears have prevailed. It has dropped below the Supertrend indicator and the key support at $48.40, its lowest point on Oct. 23.<\/p>\n

    Therefore, the stock will likely continue falling as sellers target the key support at $20. A move above the $48 resistance level will invalidate the bearish outlook.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    IREN stock price has slumped by over 55% from its highest point this year amid elevated jitters on the artificial intelligence bubble.\u00a0 Summary IREN shares have plunged by 55% from…<\/p>\n","protected":false},"author":1,"featured_media":6937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18205"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18205\/revisions"}],"predecessor-version":[{"id":18206,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18205\/revisions\/18206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6937"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}