IREN Has a $9.7 Billion Microsoft Contract But Analysts Can't Agree on What It's Worth

By Rick Orford – Mar 28, 2026 at 1:00PM ESTIREN (IREN 6.30%) could be sitting on a major AI-driven earnings opportunity, but the stock's premium valuation leaves no room for mistakes. That setup is exactly why this story matters right now, and why the next phase of execution could change everything for investors. Stock prices used were the market prices of March 23, 2026. The video was published on March 26, 2026. Read NextMar 22, 2026 •By Rick OrfordShould You Buy IREN Before Its AI Expansion Kicks In?Mar 15, 2026 •By Rick OrfordPrediction: IREN Could Be One of the Biggest AI Infrastructure Winners by 2028Mar 12, 2026 •By Rick OrfordBetter AI Infrastructure Stock: IREN vs. Applied DigitalMar 10, 2026 •By Billy DubersteinWhy IREN Limited Plunged Over 20% in FebruaryMar 9, 2026 •By Marc Guberti3 Millionaire-Maker Artificial Intelligence (AI) StocksMar 6, 2026 •By Marc GubertiGot $5,000? 3 Top Growth Stocks to Buy That Could Double Your Money.About the AuthorRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is business, and he works tirelessly to deliver content in an easy-to-understand manner. In 2018, Rick wrote The Financially Independent Millennial to inspire his readers with his story about becoming financially independent at age 35 despite not learning about money when he was younger. His books are easy to read and often refer to key points that “He would tell his younger self.” When not thinking about business, Rick writes (mainly about cruise ship travel) for his travel blog and is an enthusiast of fast cars, technology, & cooking.CMFrickorfordStocks MentionedIrenNASDAQ: IREN$35.09(-6.30%)-$2.36*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.