IREN is trading at $23.94, down 10.14%, amid pressure on neocloud and AI-infrastructure stocks tied to renewed doubts about AI spending returns. - Bitcoin is down 4.99% since its previous close, adding a significant headwind for IREN’s crypto-related business. - Reporting links the sector selloff to quarterly updates from Amazon and Intel, following earlier concerns about hyperscaler capital spending. - Available reporting points mainly to sector-wide concerns, not a new IREN-specific announcement on October 30.