The post IREN stock crashes 55% from YTD high amid AI bubble fears appeared on BitcoinEthereumNews.com.

IREN stock price has slumped by over 55% from its highest point this year amid elevated jitters on the artificial intelligence bubble.  Summary IREN shares have plunged by 55% from the year-to-date high. It has dropped to its lowest level since September this year. There are concerns about the ongoing AI bubble. 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. IREN’s slump has accelerated following last week’s earnings reports from top AI companies such as Oracle and Broadcom. Oracle’s 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.  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. 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.  As such, potential customers now have greater negotiating power, a development that may affect its pricing and margins.  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’s price may reduce its revenue. IREN stock price…

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Filed under: News - @ December 17, 2025 11:23 pm