IREN achieved record profitability and strong cash reserves but missed revenue estimates, remaining heavily reliant on Bitcoin mining while AI Cloud revenue remains minimal.
Elon Musk and Larry Ellison are battling for top spot on the rich list
Larry Ellison and Elon Musk are alternating as the world's richest person because Oracle's AI-fueled stock surge and Tesla share movements shift their net worths.
Snowflake's strong quarter and raised guidance position it as a growing AI cloud leader, making its stock an attractive momentum trade despite high valuation.
