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From ServiceNow, CrowdStrike Announce Strategic Technology Alliances

How could ServiceNow's partnerships with Nvidia and Infosys affect IREN?

Likely What happens if… A possibility worth considering, not a forecast.

IREN may see increased demand for AI cloud operations following ServiceNow's Nvidia partnership The partnership between ServiceNow and Nvidia expands the reach of Nvidia's AI capabilities across enterprise workflows. As ServiceNow integrates this AI platform, it drives increased enterprise adoption of Nvidia's technology. IREN, which is already a strategic customer and relies on Nvidia's hardware for its AI cloud operations, is positioned to benefit from this heightened demand for advanced AI infrastructure.

Reported by 1 independent outlet Written Oct 8
Effect
Mild positive
How direct
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When
Within weeks
The story
Gone quiet

How it reaches IREN

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The facts so far

As reported. Each one links to where it comes from.

  • ServiceNow relies on a massive partner ecosystem including Infosys and Nvidia.fool.com
  • IREN's AI cloud operations are structurally dependent on Nvidia's hardware supply and investment.fool.com
  • ServiceNow reported revenue of nearly $13.3 billion in the fiscal year ended Dec. 31, 2025.fool.com

Why it matters

IREN operates in the critical infrastructure space, providing the physical backbone for advanced computing. As major software platforms like ServiceNow integrate cutting-edge AI from Nvidia, the demand for specialized, high-performance data center capacity—like that offered by IREN—grows significantly. This positions IREN to capture revenue from the accelerating enterprise shift toward AI-driven workflows.

IREN's existing relationship with Nvidia as a strategic customer is key here. This partnership is not merely incidental; it is based on structural dependency on Nvidia's hardware. The expansion of Nvidia's market penetration through major software alliances like the one with ServiceNow suggests a sustained, long-term increase in the need for the type of specialized cloud services IREN provides.

What we don't know yet

  • What specific AI workloads will ServiceNow be running on Nvidia hardware?
  • How quickly will enterprises begin migrating their AI workloads to IREN's cloud infrastructure?

What would change this answer

ServiceNow announces specific usage metrics or deployment targets for the Nvidia partnershipThis would confirm the scale of the demand increase, making the positive effect on IREN more certain and potentially stronger.
Nvidia announces a slowdown in the supply of its advanced AI acceleratorsThis could constrain the growth of AI cloud operations, limiting the potential positive impact on IREN.

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The full eventServiceNow, CrowdStrike Announce Strategic Technology Alliances Everything aboutIREN

Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.