SharonAI gains after Nvidia partnership to boost cloud capacity in Australia
12/06/2026 12:46
BUZZ-SharonAI gains after Nvidia partnership to boost cloud capacity in Australia ** Shares of Australian neocloud firm SharonAI SHAZ.O rise 14.4% to $81.79 premarket
** Company announces six-year partnership with Nvidia NVDA.O to enable 72 megawatts of new data-center capacity in Australia
** NVDA will help design and build data centers, and add more than 40,000 advanced graphics processors
** SHAZ will sell NVDA-powered cloud services, and NVDA will earn both standard product revenue and a share of the cloud revenue on the supported capacity
** Company expects to have more than 55,000 Nvidia GPUs deployed by mid-2027
** Up to last close, SHAZ has more than doubled since its IPO on February 18
(Reporting by Anzar Mehraj in Bengaluru)
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