Why Is IREN (IREN) Stock Price Up 30.54% Today, July 30? AI Infrastructure Rebound Revives Contract Re-Rating

IREN surged 30.54% amid a broader rebound in high-beta AI-infrastructure equities, likely aided by reduced forced-selling fears and short-covering after July de-risking. While no new same-day company update was identified, the earlier $2.8B multi-year AI cloud contract announcement and higher 2026 run-rate target provided fundamental support for a re-rating. The move improves momentum but remains a rebound within a prior downtrend.