Key News Facts
Iren (NASDAQ: IREN) has secured a five-year, $9.7 billion deal with Microsoft for 200 megawatts of AI data center capacity, alongside a $3.4 billion agreement with Nvidia for 60 megawatts. The company anticipates $3.7 billion in contracted annual recurring revenue by year-end, leveraging a 5-gigawatt pipeline to target European and Asia-Pacific markets.
MaxLinear (NASDAQ: MXL) reported a 43% year-over-year revenue growth in Q1, with its optical interconnect segment seeing a staggering 136% growth compared to the previous year. The company forecasts $165 million in revenue for Q2, indicating a 20% sequential increase, and aims for profitability by 2026.
Innodata (NASDAQ: INOD) announced a new contract that could bring in $51 million in revenue this year, a significant increase from zero revenue from this customer last year. The company’s first-quarter revenue reached $90.1 million, up 54% year-over-year, driving expectations for 40% revenue growth by 2026.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
