IREN Tumbles, Block Shares Rally, Airbnb Rises

IREN Tumbles, Block Shares Rally, Airbnb Rises

From Stock Movers by iHeartPodcasts

May 7, 2026 · 3 min

About this episode

This episode discusses the biggest stock market winners and losers, focusing on IREN, Block, and Airbnb.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - IREN (IREN) shares skyrocketed on reports that Nvidia (NVDA) is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure. IREN has agreed to issue Nvidia a five-year right to purchase as many as 30 million shares at an exercise price of $70, the companies said in a statement Thursday. IREN’s shares soared 21% to $69.29 in after-hours trading on Thursday. Nvidia’s stock was virtually unchanged.  - Block (XYZ) shares surged after it raised its full-year profit forecast following AI-related job cuts announced earlier in the year. The Jack Dorsey co-founded payments company expects gross profit of $12.33 billion by the end of the year, Block said in a statement Thursday. That’s slightly higher than the $12.1 billion that analysts on average estimated. It also forecast adjusted operating income of $3.34 billion, higher than the $3.2 billion projected by analysts. Block’s shares had gained nearly 8% this year…

Topics covered

  • stock market
  • investments
  • financial forecasts
  • AI infrastructure
  • business performance

Keywords

  • IREN
  • Nvidia
  • Block
  • Airbnb
  • stock market
  • financial forecasts
  • AI

Mentioned in this episode

Organizations: Nvidia, IREN Ltd., Block, Airbnb, Jack Dorsey

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