Zacks Investment Ideas feature highlights: IREN, Nebius, Oklo and AppLovin

For Immediate ReleaseChicago, IL – October 23, 2025– Today, Zacks Investment Ideas feature highlights IREN Ltd. IREN, Nebius Group N.V. NBIS, Oklo Inc. OKLO and AppLovin APP.Leading Stocks Pull Back: Should Investors Buy Now?So far this year, we've seen the emergence and persistence of several powerful market themes, from artificial intelligence and data infrastructure to next-generation energy, and a handful of innovative stocks have led the charge. Among the biggest winners have been IREN Ltd., Nebius Group N.V. and Oklo Inc., each soaring between 300% and 400% year-to-date. Together, they represent some of the market's most exciting frontiers: hyperscale data centers, crypto mining, and advanced nuclear power.However, the story has shifted in recent weeks. These speculative high-growth names are now under pressure as the broader market consolidates and investors rotate out of riskier corners. Many of these leaders have already corrected 20–30% in a matter of days, a natural but sharp pullback following massive runs.While these stocks may represent compelling long-term opportunities, the near-term technical picture suggests more volatility ahead. In this piece, we'll take a closer look at their Zacks Ranks and price trends, and identify where selective buying could make sense once the dust settles.NBIS, IREN and OKLO Shares Fall Amid Earnings DowngradesAfter massive gains earlier this year, Nebius, IREN, and Oklo have pulled back sharply as earnings revisions turn negative. Earlier in the rally, estimate cuts didn't seem to matter much as momentum was driving the trade. But now that the technical picture has weakened, these downgrades are having a bearish effect.Over the past 60 days, both IREN and NBIS have seen major revisions lower, pushing their Zacks Ranks down to #4 (Sell). Current year earnings for IREN have been reduced by almost 40%, while next quarter projections for NBIS have dropped 88%, even as full year estimates edged higher.Oklo, on the other hand, doesn't even have earnings to revise. The company remains pre-revenue, highlighting just how speculative the stock is, while growing to a $20 billion market cap. While its vision for compact nuclear reactors is promising, it's still years away from generating meaningful cash flow.Of the three, IREN is the only name currently producing positive earnings. Nebius remains loss-making, and Oklo is still developing. These differences matter especially when sentiment shifts, as stocks with little or no profitability tend to experience the steepest declines.These are exciting but highly volatile plays. They can deliver huge upside in strong markets, and just as easily give it back when momentum fades.Technical Setups in NBIS, OKLO and IREN StocksThe technical picture for Nebius, Oklo, and IREN is not encouraging. All three stocks made new lows again today, with little evidence of sustained buying pressure to establish a floor.Each has retraced back to its most recent breakout zone, a level that once signaled strength but is now being retested as support. As shown in the IREN chart below, the setup looks vulnerable, and the same pattern is evident across NBIS and OKLO. At this stage, buying into weakness would be risky, the classic case of trying to catch a falling knife.For context, consider AppLovin, another stock that's seen powerful rallies and sharp corrections over the last few years. In mid-2025, APP formed a large pennant consolidation between February and July following a 50% decline. That multi-month compression eventually set the stage for a strong next leg higher.I think we may see a similar process unfold in IREN, NBIS, and OKLO, a prolonged consolidation after steep drawdowns, followed by new bases from which stronger, more sustainable advances can form. The timing, however, remains uncertain, but I wouldn't be surprised if it was at least a couple of months before these stocks were ready to rally again.Should Investors Buy Shares in OKLO, IREN and NBIS?At this stage, patience may be the best strategy. These three names, remain some of the most exciting and innovative stories in the market, but the charts and earnings revisions suggest the correction is not yet finished. Momentum has clearly shifted, and until new bases form, rallies are likely to meet resistance.For now, I would let these stocks finish correcting and build fresh setups, because in volatile, speculative sectors like this, waiting for the right entry can make all the difference between catching the next leg higher or getting caught in sharp drawdown.Free: Instant Access to Zacks' Market-Crushing StrategiesSince 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.Get all the details here >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. 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Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AppLovin Corporation (APP): Free Stock Analysis Report IREN Limited (IREN): Free Stock Analysis Report Oklo Inc. (OKLO): Free Stock Analysis Report Nebius Group N.V. (NBIS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks