Friday, July 31, 2026
IREN surged 30% on a $2.8 billion AI cloud deal with Microsoft and NVIDIA, pivoting from Bitcoin mining to AI infrastructure while retail search interest remains surprisingly low at 24. Memory stocks continue their quiet rotation with WDC up 22.7% over three months and SK Hynix searches rising 1,067% from April levels. The AVIS short squeeze narrative proved to be a mirage as search interest collapsed 97% from April highs and the stock declined 16%.
Ongoing Stories(2)
BMNR: The Bitcoin Treasury Play
Still TrendingBMNR search interest continues with +1,050% breakout in stock price queries. Price up 9% today to $18.08, recovering from 3-month lows alongside Bitcoin stabilization.
See previous coverageMemory Stock Search Rotation: SK Hynix Dominates
Still TrendingMemory stock searches remain elevated with SK Hynix (+2,700%), Sandisk (+2,900%), and SNDK (+4,400%) all trending. WDC up 22.7% over 3 months validates the rotation thesis.
See previous coverageVisualizations(5)
Crypto Miners Decouple: IREN's AI Pivot vs BTC
IREN surged 30% on July 30 after announcing $2.8B AI contracts with Microsoft/NVIDIA, diverging from Bitcoin's flat trend. IREN now at 84.07 (normalized) vs BTC at 83.67 from April baseline. BMNR lags at 84.49.
Memory Stock Search Rotation: SNDK Leads, SK Hynix Rises
Searches for SNDK (32), Sandisk (19), and SK Hynix (35) all elevated vs April baselines of 3-9. Memory stocks commanding retail attention. WDC stock up 22.7% over same period, confirming search-price correlation.
IREN Price Explosion: The AI Pivot Premium
IREN surged from $29.31 to $38.26 (+30.5%) on July 30 following $2.8B AI cloud contracts. Stock trades at $38.26, still 50% below 3-month high of $67.84. Volume spiked to 72.7M shares vs 30M average.
WDC: The Memory Stock That Delivered
WDC gained 22.7% over 3 months ($434 to $533), peaking at $746 in late June. Stock pulled back 29% from highs but remains above April levels. Memory sector rotation validating retail search interest.
IREN Search Interest: Early on the AI Story
IREN search interest fluctuating between 24-66 over 3 months, currently at 24. Despite 30% price surge on AI pivot news, retail search hasn't spiked proportionally - suggesting institutional-driven move or early awareness phase.