IREN shares fell 9% to $19.70 after a report, citing unnamed sources, linked delays at its Childress campus in Texas to Microsoft pushing back capital expenditures planned for the September quarter. The Information reported that Microsoft spent $5 billion less on capex than planned, though it is unclear how much of that gap came from IREN's delays, and IREN's multiyear contract calls for Microsoft to spend $9.7 billion leasing GPU servers at Childress. Nebius fell 11% to $125.88 and CoreWeave slid 7% to $44.89, with the sector also under pressure after Democrat Gina Hinojosa defeated incumbent Gov. Greg Abbott, having called for an immediate moratorium on Texas data centers. IREN reports Q1 FY2027 results after the market close on November 5, when analysts expect sales to fall 9% to $221.7 million and an adjusted loss of $0.67 per share.
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MSFTNVDAdata centersAI investmentCoreWeave
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 11/04/2026 | 556.03 |
| Change that session | +6.73% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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