Microsoft Runs On It, Nvidia Validates It: IREN CEO Says the Real Edge Is Owning the Entire AI Stack

Benzinga Bulls and Bears: Nvidia, CrowdStrike, Intuit

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

'Blue Owl Leads $2.4 Billion Iren Debt Deal to Buy Nvidia’s Chips' - Bloomberg

https://www.bloomberg.com/news/articles/2026-08-28/blue-owl-leads-2-4-billion-iren-debt-deal-to-buy-nvidia-s-chips

IREN’s New AI Contract Adds to $2.8 Billion in Deals as Company Targets $4 Billion ARR, Analysts Say

BTIG reiterates its Buy rating and $80 price forecast on IREN Limited (NASDAQ: IREN) stock, pointing to new multi-year AI cloud deals and rising 2027 capacity contracting.

Shares of crypto-linked companies are trading lower as Bitcoin sells off from its recent rally, possibly after Federal Reserve Chairman Warsh's comments on inflation and prices raised rate-hike concerns. The asset is also under pressure after Treasury Secretary Bessent's letter suggested the Treasury exchanged existing Exchange Stabilization Fund foreign-currency assets for Yen, which contributed to a spike in the dollar value.

A Wall Street Journal Report on $3 Trillion in Off-Balance-Sheet AI Commitments Recently Tanked Vertiv and GE Vernova. Here's What Actually Changed.

A Wall Street Journal report revealed that major tech companies have $3 trillion in off-balance-sheet AI infrastructure commitments. While this initially spooked markets and caused Vertiv and GE Vernova stocks to drop, the article argues the figure isn't surprising given known spending plans, and these commitments are likely to be fulfilled due to contractual obligations and growing evidence that AI investments are delivering returns.

Okta Stock Surges 29% Post Q2 Earnings: Should You Buy?

Okta reported better-than-expected Q2 fiscal 2027 earnings with revenues of $805 million (up 11% YoY) and adjusted EPS of $1.05, beating consensus estimates. The company showed strong enterprise demand with customers generating over $1 million ACV increasing 20%, and new AI-agent security products contributing 30% of quarterly bookings. Okta provided positive FY27 guidance expecting 10-11% revenue growth and raised its Zacks Rank to #2 (Buy).