🟢 IRE ETF (IRE) is trading 3.1% up today as AI data-center exposure rebounds following a sharp profit-taking pullback

IRE ETF (IRE) is trading 3.1% higher at $37.89 in pre-market action, rebounding from a significant -11.80% pullback as investors seek high-beta exposure to the AI infrastructure sector.

• The recovery follows a period of intense volatility triggered by IREN Limited’s $1.6 billion Dell Blackwell hardware buildout deal, which initially sparked a massive rally followed by profit-taking.
• With a light macroeconomic calendar for May 29, the price action is primarily driven by market positioning and renewed sentiment toward data-center and AI-linked equities.