IREN Jumps 17.86% as Premarket Gains Spread Across Tech Stocks

IREN shares climbed 17.86% in U.S. premarket trading Friday as gains broadened across cloud infrastructure, storage, optical communications and semiconductor stocks. IREN is a publicly traded Bitcoin miner, placing a crypto-linked stock among the morning’s biggest advances across technology groups.

Within the neocloud group, Cipher Digital (CIFR) rose 10.99%, Nebius (NBIS) gained 9.60%, CoreWeave (CRWV) advanced 8.31%, Applied Digital (APLD) added 8.12% and Hut 8 (HUT) climbed 7.73%.

Storage stocks also moved higher. Sandisk (SNDK) gained 11.84%, Micron Technology (MU) rose 9.50%, Western Digital (WDC) advanced 7.56% and Seagate Technology (STX) added 7.41%.

Optical communications shares advanced, led by Credo (CRDO), up 11.81%, and Lumentum (LITE), up 10.10%. Astera Labs (ALAB) climbed 10%, while Marvell Technology (MRVL) rose 9.77%.

Chip and equipment stocks joined the gains. Lam Research (LRCX) climbed 11.36%, Applied Materials (AMAT) rose 8.48%, KLA (KLAC) gained 8.34%, AMD advanced 8.31% and Nvidia added 4.96%.