5 Stocks That Will 10X According to Social Media

2. REN Ltd (NASDAQ:IREN)

Number of Hedge Fund Investors: 53

IREN Ltd (NASDAQ:IREN) is a data center company that builds and operates facilities filled with high-powered Nvidia GPUs, which it then rents out to AI and cloud customers who need raw computing power to train models and run workloads. Its customers are large technology companies — it has a $9.7 billion multi-year deal with Microsoft and a $3.4 billion cloud contract with Nvidia.

Its moat is scale, long-term contracted revenue, and above-average margins, with a 68% gross profit margin versus a sector median of 50%. IREN Ltd (NASDAQ:IREN) started as a Bitcoin miner but is pivoting hard into AI and high-performance compute.

Over the past year the stock is already up over 440%, but social media believes it has more upside, pointing to $3.1 billion in ARR already under contract and Wall Street expectations of $3.06 billion in annual revenue by FY2027, which would represent 306% growth from current levels. Q3 2026 results showed AI cloud services revenue up 94% year over year, from $17.3 million to $33.6 million.

Bulls argue the headline miss was driven purely by Bitcoin price volatility dragging down the mining side of the business, not any weakness in the AI segment. However, bears point out that IREN Ltd (NASDAQ:IREN) remains structurally dependent on Bitcoin, meaning a further crypto selloff would directly hit revenues and financial flexibility, limiting how aggressively IREN can fund its AI buildout.