BUZZ-SharonAI rises; signs $1.32 billion cloud computing services deal

SharonAI Holdings, Inc. Class A

SharonAI Holdings, Inc. Class A

SHAZ

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** 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