SharonAI rises; signs $1.32 billion cloud computing services deal
16/07/2026 13:38
BUZZ-SharonAI rises; signs $1.32 billion cloud computing services deal ** Shares of Australia-based neocloud firm SharonAI SHAZ.O rise 2.3% to $72.25 premarket
** Co signs $1.32 billion five-year cloud computing services agreement with a global AI lab
** Co expects to deploy cloud computing infrastructure across data centers in New Zealand
** Says revenue from the contract is expected to begin in the first and second quarters of 2027
** SHAZ has risen more than 100% since going public in February
(Reporting by Anzar Mehraj in Bengaluru)
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