IREN stock plunges 18% as Microsoft raises concerns over data center delays
Yahoo Finance ·
IREN stock plunges 18% as Microsoft raises concerns over data center delays Louis Juricic Thu, November 5, 2026 at 11:21 AM EST 1 min read MSFT -2.08% IREN -14.12% NBIS -13.76% Investing.com -- IREN Ltd. shares plunged 18% Thursday amid a broad technology selloff, with a Bloomberg report highlighting growing concerns at Microsoft over delays and execution risks among its neocloud partners. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Microsoft is tightening oversight of data center projects involving IREN, Nebius Group and Nscale while reconsidering whether to sign additional agreements with third-party infrastructure providers, Bloomberg reported. Some of the problems involve IREN's Texas campus, where cabling issues have disrupted construction timelines. The company also experienced a generator fire at the site in April and disclosed hardware delivery delays in August. Unsure what to buy ahead of earnings? Our AI's recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month's earnings picks » Microsoft and IREN officials met last week and negotiated a revised timeline that could push completion back by several weeks or months, according to the report. Microsoft has also walked away from several Nscale projects, including a roughly $3 billion UK data center deal delayed by difficulties securing grid power. The company is increasingly prioritizing its own data center expansion rather than relying on additional neocloud agreements. The developments highlight growing execution risks for AI infrastructure providers, even as demand for computing capacity remains far above available supply. Gartner estimates that 80% of neocloud providers could be consolidated or shut down by the end of the decade. IREN stock plunges 18% as Microsoft raises concerns over data center delays Nintendo profit misses as Switch 2 sales slump; Citi sees temporary dip China's Moonshot AI seeks Nvidia Blackwell access in Europe, CNBC reports
DYAX Investor Sentiment
Bullish (Long) 40% · Bearish (Short) 60%
421 participants
Related News
- Nvidia has lost nearly $1.4 trillion since its October record
- Capitalize On JPMorgan Stock Strength With A Bullish Spread Trade
- AI Data Center Boom Runs Into a Political Wall
- Former Google Engineer Says He Stopped Saving For Retirement Because He’s Afraid Of AI Risk. Try Living On The Average Retiree’s $2,095 Social Security Check
- Microsoft Stock Has Gained More Than 50% in About 4 Months. Here's What It Has Usually Done Next.
- The AI Selloff Is Getting Worse. Nvidia, Dell and Data Center Stocks Are Plunging Hard. Is It Time to Buy the Dip?
