NVIDIA linked Stock Sinks After $3 Billion Capital Raise The recent deal between IREN Limited and NVIDIA has sent shockwaves through the tech industry.
Despite a $3 billion capital raise announced by IREN earlier this month, the company's stock sank 8% in value. The numbers are striking: $3.
4 billion for a 5 year AI cloud contract with NVIDIA, plus an additional $3 billion raised through a convertible senior notes offering.