On May 7, Nvidia announced a $2.1 billion investment in data center operator IREN, aiming to deploy up to 5 gigawatts of AI infrastructure. This deal, finalized on May 8, involves a multi-year partnership between the two companies to meet surging AI demand.

The market impact was immediate and bullish. IREN's stock closed 7.65% higher on Friday, May 8, following a 27% jump in after-hours trading on Thursday. This move pushed IREN above its key moving averages, indicating a strong trend reversal. Nvidia's stock also saw a modest gain, reflecting investor confidence in the strategic partnership.

Looking ahead, investors should watch for IREN's earnings release on August 7, which will provide insights into the progress and initial impact of the Nvidia partnership. Additionally, Nvidia's earnings on August 17 will offer further clarity on the company's AI infrastructure expansion strategy and potential growth in its data center segment.

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Last UpdatedMay 08, 2026

NVDA expands AI infrastructure with IREN investment

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