Microsoft AI Deal Boosts Australian Iron

3 months ago

Paul Sween

"Australian company Iron, I want to get to them. ticker I en their shares have been up as much as 22%. The reason for this um Microsoft apparently signed an approximately $9.7 billion deal to purchase AI cloud capacity from the company and that's making it its largest customer. It's also one of the largest deals yet in the AI infrastructure sector. So this is pretty big. It's a 5-year agreement and what it includes a 20% prepayment."

The speaker highlights that Iron (IEN) has seen a 22% rally after Microsoft signed a $9.7 billion, 5-year contract for AI cloud capacity, including a 20% prepayment, positioning the company strongly in the growing AI infrastructure market.

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