A top tech strategist is pointing investors toward a stock that has been red-hot as of late, which he says could ride the AI inference eruption.
Futurum CEO Daniel Newman says on X that IREN Limited (IREN) is poised to benefit from the imminent shift in AI market emphasis, from training to inference.
IREN Limited is a renewable-powered data center operator pivoting from Bitcoin mining into GPU-dense AI cloud services. With secured power capacity, Nvidia partnerships, and infrastructure tailored for inference workloads, it is in a solid position to ride the AI inference boom.
“Mentioned IREN for the first time today, as I see it as an interesting play into this AI inference explosion that is coming.
This ticker has some fire. What a passionate group of investors. Diving deeper this week into this name.”
Newman makes the prediction as he expects the AI inference market to erupt in the next five years. The tech strategist names a handful of stocks that he believes will benefit from the broadening of the AI trade.
“The inference explosion is coming. $583 billion in data center AI chips by 2029. ~$750 Billion in 2030.
I think Morgan Stanley got the training number wrong, though. Training won’t slow. It will become more efficient.
NVDA owns GPU volume (~90%)
AVGO owns the XPU volume (~80%)
ARM and AMD battle for CPU volume
MU, SK, Samsung on high bandwidth memory.
Energy requirements will be massive, putting names like OKLO, VRT, and GEV in focus.
Neoclouds just getting started with NBIS, CRWV, IREN all seeing amazing upside, and hyperscalers will continue to drive the capex.
Buckle up. The AI party really hasn’t started yet.”
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