Movement Alert｜SharonAI Holdings Inc. Rises 9.77% in Pre-Market Trading, Announces AI Factory GPU Expansion to 64,000 Units

Market Focus08-04

On August 4, SharonAI Holdings Inc. rose 9.77% in pre-market trading, trading at $57.0/share, with turnover of $1.6597 million.

On the news front, the company announced plans to expand its AI factory platform NVIDIA GPU count from the current 62,000 to 64,000 units, with completion targeted by mid-2027, aiming to further enhance its artificial intelligence computing capabilities.

This expansion builds on a series of major strategic developments. The company previously signed a six-year compute collaboration agreement with NVIDIA valued at up to $4.88 billion, and completed an oversubscribed $1.6 billion strategic financing to deploy up to 40,000 Grace Blackwell GB300 GPUs across Australia and the Asia-Pacific region. Additionally, a fund led by former OpenAI researcher Aschenbrenner has disclosed a roughly 10% stake in the company. B. Riley has initiated coverage with a Buy rating and a $124 price target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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