Jim Cramer on IREN: “It’s Growing Like a Weed”

Jim Cramer on IREN: “It’s Growing Like a Weed” Syeda Seirut Javed Thu, July 9, 2026 at 2:32 PM GMT+2 2 min read IREN NVDA BTDR HUT CIFR IREN Limited (NASDAQ: IREN ) was among Jim Cramer's stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds . Cramer mentioned the stock and its peers during the episode, as he remarked: How about the small operators? You hear their names all the time.

These are more like hybrids between neoclouds and specialized real estate co-location services. This bucket includes former cryptocurrency miners and raw power companies. They're not always selling a complete cloud services suite.

This group can still generate strong returns, and some are strong takeover targets too… Here I want you to think IREN, Hut 8, Cipher Digital, TeraWulf… Bitdeer Technologies, Core Scientific. These companies are more like actual landlords of compute than full-stack AI clouds. Now, look, there are promising ones here.

IREN's more of a hybrid, supplying the real estate power and shell while also running workloads. It's an NVIDIA strategic partner too, and it's growing like a weed. Keep in mind, if you have spare compute, someone like Anthropic will eagerly snap it up.

Just today, TeraWulf signed a 20-year $19 billion deal with Anthropic, which sent their stock up nearly 5%. Stock market data. Photo by Burak The Weekender on Pexels IREN Limited (NASDAQ:IREN) operates a vertically integrated data center business.

The company manages computing hardware and infrastructure while also engaging in Bitcoin mining. While we acknowledge the potential of IREN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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