Sharon AI locks in $4.88 billion Nvidia deal to expand sovereign AI infrastructure in Australia

Sharon AI says Nvidia deal will unlock growth in Australia

Nasdaq-listed neocloud company Sharon AI has inked an agreement with Taiwanese chip maker Nvidia that it says will make it more competitive in the Australian data centre space as it battles for dominance against Oliver Curtis' Firmus Technologies. The six-year deal with Nvidia boosts Sharon's AI cloud infrastructure and access to high-performance computing in Australia, as companies' artificial intelligence workloads increase in complexity and data loading, making reliable GPU capacity and flexible access models more crucial.

Why Is SharonAI Stock Surging Tuesday? - SharonAI Holdings (NASDAQ:SHAZ)

The company disclosed on Monday that it will deploy 600 petabytes of the VAST AI Operating System across its AI cloud infrastructure under an expanded partnership with VAST Data. The deployment will serve as the data foundation for Sharon AI's sovereign AI infrastructure, supporting government, enterprise, research, and AI-focused customers across Australia and the Asia-Pacific region. The companies said the platform provides storage capacity equivalent to supporting the data needs of roughly 100,000 GPUs and will help power large-scale AI training, inference, and agentic AI workloads while keeping sensitive data onshore. "Our customers refuse to choose between keeping their data sovereign and running AI at full speed - they need both at the highest level," said Sharon AI Co-Founder and CEO James Manning. VAST Data Founder and CEO Renen Hallak said the partnership will support Australia's strategic AI ambitions by turning large-scale data assets into real-time intelligence while maintaining sovereign data controls. SharonAI Technical Analysis From a trend perspective, SHAZ remains strong. The stock is trading 13.5% above its 20-day simple moving average (SMA) of $67.23. It is also 46.6% above its 50-day SMA of $52.03 and 51.3% above its 100-day SMA of $50.42. The 20-day SMA remains above the 50-day SMA, which is a bullish signal and suggests the intermediate trend is still moving higher. Momentum, however, is starting to slow. The MACD is below its signal line, and the histogram remains negative. That suggests buying pressure has eased after the recent rally. In simple terms, the MACD compares short-term and long-term price trends. When it falls below the signal line, it often points to fading momentum, even if the stock price is still rising. Recent chart signals tell a mixed story. A bullish MACD crossover appeared in March and helped fuel the rally into a June swing high. The RSI moved into overbought territory in May, showing the stock had become stretched after its sharp advance. Even so, SHAZ remains down 19.71% over the past 12 months. That suggests the recent rally is still part of a broader recovery rather than a complete trend reversal. The next key resistance level sits near $87.00. This round-number level could attract profit-taking after the recent surge and is an important area for traders to watch. SHAZ Stock Price Activity: SharonAI shares were up 11.12% at $78.02 at the time of publication on Tuesday, according to Benzinga Pro data. Image 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.

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.

Compass Point reiterates SharonAI stock rating on Nvidia deal By Investing.com

Investing.com - Compass Point reiterated a Buy rating and $90.00 price target on SharonAI Holdings Inc (NASDAQ:SHAZ) following the company's announcement of a major compute collaboration with Nvidia. The stock currently trades at $62.32 with a market cap of $1.01 billion, delivering a remarkable 3,180% return year-to-date. SharonAI announced a six-year Nvidia compute collaboration on Friday with a contract value of up to $4.88 billion. The agreement adds 72 megawatts of Australian AI factory capacity and up to 40,000 Grace Blackwell GB300 GPUs. The deal increases total AI factory capacity to 132 megawatts from 60 megawatts and contracted capacity to 102 megawatts. SharonAI sells Nvidia-powered cloud services, while Nvidia earns standard product revenue and a share of cloud revenue on supported capacity. Assuming 40,000 GPUs run at 100% utilization for six years, the up-to-$4.88 billion contract value implies roughly $2.32 per GPU-hour. Compass Point said this represents a conservative implied contract rate versus current Blackwell spot pricing. The firm said the agreement increases conviction in SharonAI's ability to convert customer commitments into secured megawatts. The company's model involves signing agreements first and adding capacity around contracted demand. According to InvestingPro analysis, which identifies the stock as undervalued relative to its Fair Value, analysts anticipate strong sales growth this year with revenue expanding 94%. For deeper insights, investors can access SHAZ's comprehensive Pro Research Report, one of 1,400+ available on InvestingPro. In other recent news, Sharon AI Holdings Inc. announced a six-year strategic collaboration with NVIDIA to enhance its data center capacity in Australia. This partnership aims to deploy 72 megawatts of new data center capacity and scale up to 40,000 Grace Blackwell GB300 GPUs, targeting AI startups, enterprises, and university researchers. Sharon AI also reported its first-quarter 2026 revenue of $0.29 million, a decrease from the previous quarter's $0.36 million. This decline was attributed to a small pre-ramp GPU infrastructure base ahead of larger AI Cloud deployments. Compass Point has raised its price target for Sharon AI to $90, maintaining a Buy rating, reflecting optimism about the company's recent contracts. In its first earnings call since the IPO in February 2026, Sharon AI emphasized strategic growth and key partnerships expected to drive future expansion. Despite the absence of specific earnings forecasts, the company highlighted its robust financial position. These recent developments indicate a period of strategic growth and expansion for Sharon AI. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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.

Sharon AI to Raise $1.6 Billion in Private Placement of Stock, Debt

Sharon AI said it has secured $1.6 billion in financing with a $900 million private placement of stock and a $700 million private placement of convertible senior notes. The Australian technology company said it plans to use proceeds from the transactions to support its six-year deal to deploy Nvidia chips at one of Australia's biggest data centers. The financing will also help Sharon accelerate the expansion of its data center footprint and capacity, the company said. The pair of private placements are anchored by the hedge fund Situational Awareness and funds managed by the investment firm Oaktree Capital Management. They are expected to close on or about June 22. Sharon shares jumped 21% to $93.05 after the financing was disclosed.