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.