"The company just signed a $9.7 billion contract with Microsoft, which includes access to Nvidia's advanced chips. As noted in an IREN press release, "Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment. IREN has also entered into an agreement with Dell Technologies to purchase the GPUs and ancillary equipment for approximately $5.8 billion.""
"Lemonade (NYSE: LMND): With a short interest of 25.2%, Lemonade is still pushing higher. After finding support at $47.50, it's now at $62.44 a share. Analysts believe Lemonade's earnings on November 5 could send the stock soaring, especially with its exposure to artificial intelligence. By using AI for just about every part of its business, it's been delivering faster, more efficient, and transparent insurance information."
"Luminar Technologies (NASDAQ: LAZR): With a short interest of 20.4%, Luminar Technologies is showing some signs of life again. Last trading at $1.28, it's up 10% on the day on a volume spike to 14.7 million shares, as compared to its daily average volume of 6.6 million. The stock may be seeing a short squeeze as it considers a potential merger with another auto technology company."
IREN Limited shows a 19.68% short interest while shares have risen from about $50 to $72.17 following a $9.7 billion contract with Microsoft that includes access to NVIDIA GB300 GPUs and a related $5.8 billion equipment purchase agreement with Dell Technologies. Lemonade carries a 25.2% short interest and has climbed from support at $47.50 to $62.44, with analysts noting potential upside around November 5 earnings and its heavy use of AI across operations. Luminar Technologies has a 20.4% short interest, recent intraday gains to $1.28, a volume spike to 14.7 million shares, and potential short-squeeze dynamics tied to merger speculation.
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