# IREN shares popped 13% in extended-trading on Thursday.

*semiconductor · news · 2026-05-07 · CNBC*

## Key points

- Nvidia and IREN will deploy up to 5 gigawatts of DSX-branded AI infrastructure globally.
- IREN will grant Nvidia a five-year right to buy up to 30 million shares at $70 each.
- Nvidia can invest up to $2.1 billion in IREN through this partnership agreement.
- The partnership marks a major push to integrate Nvidia's AI infrastructure in IREN's data centers.

**Companies:** Nvidia, IREN
**Countries:** Australia

[Read the full story on CNBC](https://www.cnbc.com/2026/05/07/iren-stock-ai-infrastructure-nvidia.html)

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