IREN

Interested in Dell Technologies Inc.? Here are five stocks we like better. Dell reported record Q1 results, with revenue up 88% year over year to $43.8 billion and non-GAAP EPS jumping 214% to $4.86, driven by broad-based demand across AI servers, traditional infrastructure and PCs. AI server demand remains the key growth engine, with $24.4 billion in AI orders, $16.1 billion in AI server revenue and a record $51.3 billion AI backlog. Dell said demand is still outpacing supply, with memory and other components the main constraint. Management raised full-year guidance to $165 billion-$169 billion in revenue and about $17.90 in non-GAAP EPS, reflecting accelerating demand across AI, traditional compute, storage and commercial PCs despite ongoing supply shortages. IREN Is Flipping the Switch from Bitcoin to AI Dell Technologies (NYSE:DELL) reported what executives described as a record fiscal 2027 first quarter, driven by surging demand for AI servers, traditional servers, storage and commercial PCs, while warning that component supply remains the main constraint on further growth. Jeff Clarke said revenue rose 88% year over year to $43.8 billion, while diluted non-GAAP earnings per share increased 214% to $4.86. He said demand was stronger than the company anticipated “across all lines of businesses and geographies,” as customers moved to secure supply for a broad range of IT needs. → Rocket Lab Keeps Making Headlines and Highs—Here's What's Driving the Latest Move Cloud-flation: Dell's On-Premise AI Bet Pays Off David Kennedy said gross margin dollars grew 57% to $7.9 billion, while gross margin rate was 18.1%, primarily reflecting a mix shift toward AI servers. Operating income rose 154% to $4.2 billion, or 9.7% of revenue, and net income increased 194% to $3.2 billion. Clarke said AI demand remained “exceptionally strong” and broad-based. Dell booked $24.4 billion in AI orders during the quarter, recognized $16.1 billion of AI server revenue and ended the quarter with a record $51.3 billion of AI backlog. → Quantum Stocks Just Got a Lifeline—Who Benefits Most? Palantir and Dell Build an AI OS for the Paranoid He said Dell’s AI customer count surpassed 5,000, with growth across neocloud, sovereign and enterprise customers. The company’s AI pipeline continued to grow sequentially and remains “multiples” of backlog, even after the quarter’s order conversion, C...

Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.

Download the Complete Report Here Key Takeaways: Alpha Compute Corp.’s (ALP) mid-quarter update points to a material inflection from concept-stage AI infrastructure buildout toward contracted, revenue-generating operations. ALP secured a $32.2 million, two-year agreement with a leading AI research firm, translating to $16.1 million of annual contracted revenue, up from ~$30,000 in 1Q26. The contract supports ALPHA-01, the company’s inaugural enterprise-scale deployment comprising 504 NVIDIA B200 GPUs in Canada. ALP is also advancing ALPHA-02, a 576-GPU NVIDIA B300 cluster in Sweden targeted for 3Q26 deployment. Importantly, ALP now expects $21 million in NTM revenue, including contracted AI compute revenue and expected contribution from the pending GAMEE acquisition, alongside a $200+ million qualified sales pipeline across AI research, enterprise, and sovereign compute customers. The NTM outlook is a key scale-up indicator, extending beyond the initial AI lab contract to reflect broader infrastructure monetization and anticipated contribution from GAMEE. The rebrand from AlphaTON Capital to Alpha Compute formalizes the company’s strategic shift from Telegram ecosystem exposure to AI GPUaaS and confidential compute infrastructure. The company changed its name and Nasdaq ticker from ATON to ALP on April 20, 2026, explicitly positioning itself as an AI GPU-as-a-service and confidential compute platform rather than primarily a TON ecosystem investment vehicle. The new platform is focused on confidential AI compute, sovereign AI infrastructure, scalable GPU deployment, and privacy-native AI ecosystems, with binding agreements for the deployment of over 1,000 Blackwell-generation GPUs and strategic relationships across Telegram, Animoca Brands, Midnight Network, and GAMEE. The Cocoon software stack deployment is in pilot phase as Telegram begins scaling applications, while the GAMEE acquisition is nearing completion pending final audits. Strategically, ALP is positioning for rising demand from regulated AI workloads through hardware-level encryption and TEE-based confidential compute powered by Blackwell-generation GPUs. We believe the $32.2 million AI lab contract provides the clearest commercial validation of ALP’s AI compute strategy, establishing a measurable revenue baseline for the platform. The two-year definitive lease agreement with a leading frontier ar...

Data center operator Iren (NASDAQ: IREN) delivered a flurry of news items shortly before and on May 7, the day it reported results for its fiscal 2026 third quarter. Long-term investors finally got word of another big tech deal, but it came with reminders about revenue recognition and the cost-intensive nature of Iren's business model. The good news started before Iren's earnings results, as the company announced the energization of its 1.4-gigawatt Sweetwater 1 site. Iren repeatedly told investors it would have the necessary power hooked up for the site by April 2026; achieving that target further confirms that the company can hit the deadlines it sets. Iren used the press release to tout its ability to "construct large-scale infrastructure reliably and at speed to meet market demand." The firm followed up that news with word of its $625 million acquisition of Mirantis, which will strengthen its software stack and help Iren attract more customers who need software solutions for their artificial intelligence (AI) infrastructure. Mirantis has served more than 1,500 enterprise customers, and that network could lead to several intros for Iren's AI infrastructure, which recently expanded the amount of secured, grid-connected power it had under contract to 5 gigawatts. Iren's recent acquisition of Ingenostrum helped it reach that 5 gigawatt level and gave it access to European markets, increasing its potential annual recurring revenue. The deal with Nvidia that Iren announced on May 7 encapsulates long-term growth opportunities while also highlighting some valid, long-term risks. To start with the good part, Iren landed a five-year, $3.4 billion deal to supply infrastructure cloud services to Nvidia using 60 megawatts of capacity in its Childress, Texas, facility. That preserves the entire 1.4 gigawatt Sweetwater campus, which introduces recurring revenue from another tech giant. The Mirantis acquisition was a key enabler in the deal, which may make it easier for Iren to secure additional tech contracts. It expands Iren's total contracted annual recurring revenue to $3.1 billion and still targets $3.7 billion by year-end. However, that revenue won't be recognized right away. In its fiscal 2026 Q3, Iren booked only $144.8 million in revenue, a meaningful decrease from $184.7 million in fiscal Q2. Both figures are a far cry from $3.7 billion in annual realized reve...

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. June E-mini S&P futures (ESM26) rose +0.18%, and June E-mini Nasdaq futures (NQM26) rose +0.28%. Stock indexes settled higher on Monday, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Strength in chipmakers and AI-infrastructure stocks led the broader market higher on Monday. Gains in stocks were limited on Monday amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield rose +5 bp to 4.41%. Dear D-Wave Quantum Stock Fans, Mark Your Calendars for May 12 Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term. This Analyst Just Raised the Price Target on Coherent Stock by 50%. What to Know. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Monday’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stro...

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.19%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Today’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US an...

The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.06%. June E-mini S&P futures (ESM26) are up +0.19%, and June E-mini Nasdaq futures (NQM26) are up +0.05%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump said Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as abo...

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

Image source: The Motley Fool. Thursday, May 7, 2026 at 5 p.m. ET Co-Founder and Co-Chief Executive Officer — Daniel Roberts Chief Revenue Officer — Kent Draper Chief Financial Officer — Anthony Lewis Daniel Roberts: Thanks, Mike. And thank you everyone for joining us today. Eight years ago, when Will and I founded this business, we spent a lot of time thinking about what the digital future actually meant for the physical world. We talked about films like The Matrix and Ready Player One, not as science fiction, but as a signal—worlds where digital adoption was total, instantaneous, and infinite. The insight we kept coming back to was this: Digital adoption curves can go from zero to one overnight. But the real world does not scale that way. Power infrastructure, land, data centers—these take years to permit, finance, and build. The bigger the demand, the harder delivery becomes. That gap between exponential digital growth and the physical world's ability to service it—that structural disconnect—is exactly what we set out to solve. That scarcity is now defining where AI infrastructure gets built and who can build it. Eight years later, that thesis is playing out exactly. This quarter, we demonstrated what disciplined execution against it looks like at a global scale. In AI infrastructure, secured power is only valuable if it can be converted into customer-ready compute. That conversion is hard. It requires site control, grid connection work, permitting, design, procurement, construction, GPU installation, networking, commissioning, financing, and customer delivery, all coming together on tight timelines. IREN Limited’s strength is bringing those pieces together. We have experienced site teams and standardized, repeatable construction processes that allow us to build across multiple sites in parallel. As we scale, each phase builds on the prior phase. The template becomes more repeatable, the procurement and construction process becomes more efficient, and the site teams carry that experience forward. That is where IREN Limited has built its moat, and why real assets and real capabilities are harder to replicate than they might appear. That execution capability is showing up in the numbers—more capacity, more revenue, stronger funding certainty—and in the partnerships we are announcing today. This was a significant quarter and a significant week. Let me run th...

The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too

Dow Jones futures: President Donald Trump says a U.S.-Iran ceasefire is intact despite clashes. Rocket Lab, Cloudflare and IREN are big earnings movers.

Market Catalysts host Julie Hyman takes a look at some of Friday's trending tickers and stories. CoreWeave (CRWV) stock is sinking after the company issued weak revenue guidance. IREN (IREN) stock is surging on news that Nvidia (NVDA) is investing up to $2.1 billion in the company. Rocket Labs (RKLB) stock is skyrocketing on the company's strong quarterly sales numbers. Wendy's (WEN) stock is on the rise after the company beat Wall Street's earnings estimates.