SharonAI secures major NVIDIA AI factory deal to deploy 40,000 GPUs across Australia

SharonAI Gains On NVIDIA AI Factory Deal - SharonAI Holdings (NASDAQ:SHAZ)

This collaboration involves deploying a 72-megawatt AI factory and up to 40,000 Grace Blackwell GB300 GPUs in Australia. Expands AI Factory Partnership With NVIDIA The deal will enhance SharonAI's infrastructure capabilities and support growing demand for AI services. The company is collaborating with NVIDIA to expand its AI factory capacity, which now totals 132 megawatts. The strategic compute collaboration with NVIDIA marks a pivotal moment for SharonAI, enabling the deployment of additional GPU resources to meet the needs of AI startups, enterprises, and researchers. This agreement enhances SharonAI's role as a key player in providing sovereign AI solutions and expands its existing infrastructure footprint in Australia. SHAZ Technical Outlook: Trend, Momentum And Key Levels Over the last 12 months, SharonAI Holdings has seen a decline of about 24.73%. Currently, the stock is trading at $72.27, which is 16.5% above its 20-day simple moving average (SMA) of $66.08 and 52.6% above its 50-day SMA of $50.47. The MACD is currently below its signal line, indicating that upside momentum is fading, which could suggest a cooling-off period unless the stock can reclaim that baseline. Key Resistance: $87.00 -- a nearby level where rebounds can stall. Key Support: $66.08 -- this level aligns with the 20-day SMA, which often acts as a support point. SHAZ Earnings Date And Analyst Price Targets SharonAI is slated to provide its next financial update on August 15, 2026 (estimated). * EPS Estimate: Loss of 47 cents * Revenue Estimate: $7.54 million Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $46.67. Recent analyst moves include: * Compass Point: Initiated with Buy (Target $50.00) (April 22) * LUCID CAPITAL MARKETS: Initiated with Buy (Target $50.00) (April 17) * Cantor Fitzgerald: Initiated with Overweight (Target $40.00) (April 9) SHAZ Price Action: SharonAI Holdings shares were up 2.08% at $73.00 at the time of publication on Friday, according to Benzinga Pro data. Photo via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Sharon AI signs six-year AI infrastructure deal with Nvidia By Investing.com

NEW YORK - SharonAI Holdings Inc. (NASDAQ:SHAZ) announced a six-year AI infrastructure compute collaboration with NVIDIA (NASDAQ:NVDA) to deploy 72 megawatts of new data center capacity in Australia, according to a press release statement. The companies will deploy NVIDIA's DSX AI factory design, scaling up to 40,000 Grace Blackwell GB300 GPUs to serve AI startups, enterprises, and university researchers. NVIDIA, valued at $47.35 billion with revenue growth of 71% over the last twelve months, continues to dominate the AI infrastructure market. The collaboration uses a revenue-sharing and credit-support model where Sharon AI will sell NVIDIA-powered cloud services, while NVIDIA will earn standard product revenue and a share of cloud revenue on the supported capacity. "This strategic compute collaboration with NVIDIA marks a pivotal moment in Sharon AI's mission to deliver sovereign, large-scale AI compute infrastructure," said James Manning, Co-Founder and Chief Executive Officer at Sharon AI. The agreement expands Sharon AI's position as a certified NVIDIA Cloud Partner. Following the agreement, Sharon AI's total AI factory capacity has expanded to 132MW, of which 102MW is contracted to end customers. The company expects to have more than 55,000 total NVIDIA GPUs deployed by mid-2027. Sharon AI describes itself as a High-Performance Computing company focused on artificial intelligence and cloud GPU/CPU compute infrastructure based in Australia.InvestingPro data suggests NVIDIA remains undervalued at current levels, with comprehensive analysis available in the platform's Pro Research Report covering this and 1,400+ other US equities. In other recent news, Sharon AI Holdings Inc. has announced a strategic compute collaboration with NVIDIA. This six-year agreement involves deploying 72 megawatts of new data center capacity in Australia, utilizing NVIDIA's DSX AI factory design to serve AI startups, enterprises, and university researchers. In another development, NVIDIA has partnered with Abridge to develop an artificial intelligence model focused on healthcare applications, specifically for clinical conversations and documentation. Meanwhile, Google is reportedly in discussions with Samsung Electronics to produce a component for its next-generation AI chip using Samsung's 2-nanometer production technology. This chip, known as the 10th-generation Tensor Processing Unit, could enter mass production by 2028. Additionally, Google has launched DiffusionGemma, an experimental model that generates text up to four times faster than traditional language models on dedicated GPUs. These recent developments highlight significant advancements and collaborations in the tech industry, with major companies like NVIDIA and Google making strides in AI and computing technologies. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.