Grok AI Stock Portfolio Includes This Under-The-Radar AI Stock

We just covered Grok’s Latest Stock Portfolio in 2026: Elon Musk’s AI Chatbot’s Top 10 Stock Picks. IREN Limited (NASDAQ:IREN) ranks #7 (see Grok’s Latest Stock Portfolio in 2026: AI Assistant’s Top 5 Stock Picks).

Number of Hedge Funds: 46

IREN Limited (NASDAQ:IREN) operates large data centers and makes money by renting out computing power (mainly GPUs) to AI companies and by mining Bitcoin using its own computers and cheap renewable electricity.

Grok says IREN Limited’s (NASDAQ:IREN) core bull thesis revolves around the idea that it is no longer just a Bitcoin miner, but a large-scale AI infrastructure provider backed by massive secured demand and cheap power capacity.

IREN Limited (NASDAQ:IREN) has about 4.5 gigawatts (GW) of renewable energy capacity, which is the backbone needed to run power-hungry AI data centers. The company has a $9.7 billion Microsoft AI cloud contract, which is being framed as effectively covering about 95% of its GPU-related capital expenditure. The implication is that Microsoft (as the demand anchor) helps de-risk the buildout.

While we acknowledge the risk and potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IREN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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