10 Firms Mirror Broader Market Downturn Ahead of 2025

5. IREN Limited (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN) saw its stock price drop by 7.19 percent on Monday to finish the day at $9.94 each. In the past five and 30 trading days, the company also reported a decline of 15.33 percent and 21.24 percent in its valuations, respectively.

According to analysts, investors are on the sidelines awaiting the company’s expanding operations in Bitcoin mining, high-performance computing (HPC), and the booming AI sector.

An analysis by InvestingPro also recently said that IREN’s current valuation appears to be already “undervalued,” especially as it continues to make strides in expanding its operations and diversifying into the AI and HPC sectors.

The company also demonstrated impressive growth, with revenue surging 119.92 percent in the last twelve months and maintaining a robust gross profit margin of 87.67 percent, which could fuel a rally in the next few days.