Dr. Stoxx
Stock Trader & Author, Oxford DPhil, Trading Education
IREN looks good, with a lot of bullish options activity in the stock. x.comÂ
Bloom Energy is one of the names to keep on the watchlist, with a bullish view shared alongside Lumentum. Option flow is read as a signal of future bets, while moving averages are a lagging indicator. x.comÂ
IREN's shorts stay in control unless it ramps AI-cloud revenue without another dilution wave. Short interest hit 76.0M shares at the June 30 settlement, 24.6% of float and up 20.5M in a month, as the stock fell about 28% between settlements; with days-to-cover only 2.1x, shorts can still cover into any flush. Meta's buildout validates AI compute demand but raises the execution bar for those beneath it. If deployment slips, shorts keep control; only strong fundamentals turn them into fuel. x.comÂ
IREN looks horrendous on the chart, but institutions are not selling, setting up a big pop to $40+ once everyone gives up. The declines have come on a complete lack of volume. Over the first half of 2026 it saw $250B of high-volume activity and twice failed to make new lows in this area, a textbook long-term accumulation campaign; key institutional supports above still need to be reclaimed to confirm a short-term bullish trend. x.com x.comÂ
IREN's long-term appeal rests on its standing as one of the best vertically integrated AI neoclouds. In the short term, the stock has not been this oversold since 2022. x.comÂ
IREN is not yet a buy after breaking out of its channel to the downside and still searching for support near $35: negative dealer gamma around current levels can amplify moves in either direction. A base is needed before reconsidering the earlier conditional upside. x.comÂ
IREN looks cheap below $35 and is favored over DigitalOcean, whose stock looks bubbly against an estimated $110 value despite its appeal as a business. A switch toward IREN is under consideration if things go well. x.com x.comÂ
IREN's newly signed multiyear deal with Anthropic should drive a big pop in the stock within 15 minutes. x.comÂ
IREN's low-margin bare-metal business is being financed on uncontracted future capacity, so rising opex and added financing will pressure it. A Goldman Sachs report now flags exactly that: extra financing supports a material amount of uncontracted capacity, the Secured Power metric IREN touts. Most AI data center leasing models will be pressured in some way, and IREN is the most obvious example. x.comÂ
Bloom Energy looks more appealing after beating earnings estimates by a wide margin while trading at about 55 times earnings near $200. The market paid $350 in June, but the company now earns far more than expected despite a 33% share-price drawdown. x.comÂ