Sharon AI Shares Soar After $1.8b ESDS Software Solutions Deal Announced
The Australian Financial Review
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Details
- Date Published
- 2 Apr 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 4 Apr 2026, 12:00 pm
Description
The Sydney-based, Nasdaq-listed cloud infrastructure group’s shares soared more than 20 per cent after announcing a deal to expand its fleet of Nvidia AI chips.
Summary
This article highlights the significant commercial expansion of compute-as-a-service infrastructure through Sharon AI's $1.8 billion deal to increase its fleet of Nvidia and AMD chips. The rapid scaling of specialized compute resources directly contributes to the acceleration of frontier AI model training and deployment capabilities. While focusing on the business landscape, the growth of such infrastructure providers is a critical factor in global AI governance debates regarding hardware monitoring and the concentration of compute power necessary for advanced AI development.
Body
TechnologyEarnings seasonPrint articleTess BennettTechnology reporterApr 2, 2026 – 12.59pmAustralia-based artificial intelligence group Sharon AI has announced a $1.8 billion supply deal and a separate tie-up with Canva, sending its shares skywards despite delivering bigger losses in its first earnings release since floating on the Nasdaq.Sharon AI, which listed on the US exchange in February under the ticker Shaz, rents out access to equipment and high-end computer chips from Nvidia and AMD which businesses need to power their AI processing. It is a major rival to $6 billion-valued Firmus Technologies.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonData centresAINvidiaCanvaFetching latest articles