Jim Cramer Says "You Are Going to Sell IREN"

IREN Limited (NASDAQ:IREN) is one of the stocks Jim Cramer recently covered. Answering a caller’s query about the stock during the lightning round, Cramer said:

“Oh no, no, IREN, let me tell you something, you are going to sell IREN. I’m going to throw another one in. I’m going to give you a twofer in the sell side, Nebius. I am looking for insider selling to descend upon this group, and I will not be wrong. I will not be denied. I sense that I’m trying to get people out ahead and IONQ has already demonstrated my perspicacity. Take that.”

IREN Limited (NASDAQ:IREN) operates data centers and electrical infrastructure, manages computing hardware, and engages in Bitcoin mining. During the September 24 episode, Cramer called the stock “too hot.” He remarked:

“There are other companies like IREN, which makes power centers for bitcoin mining and is looking to pivot to AI data centers. Hey, listen, CoreWeave took that strategy. IREN is actually profitable, but its stock has rallied 380%. Too hot.”

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Disclosure: None. This article is originally published at Insider Monkey.