$SHAZ

SharonAI Expands Partnership With VAST Data

SharonAI (SHAZ) said Monday it is launching an expanded partnership with VAST Data to deploy the VAST AI operating system across its AI cloud infrastructure.The project will make the VAST AI operating system the foundational data layer for Sharon AI's sovereign AI infrastructure to serve government, enterprise, research, and other clients in Australia and Asia Pacific, the company said.Financial details were not provided.SharonAI shares were up about 8% in early trading Monday.Price: $66.92, Change: $+4.60, Percent Change: +7.38%

Top Midday Stories: SpaceX Shares Indicated to Open 29% Above IPO Price at $174 Each; Adobe CFO Leaves Company

All three major US stock indexes were up in late-morning trading Friday, as investors prepare for SpaceX's initial public offering and wait for news on a signed deal between the US and Iran.In company news, SpaceX shares are indicated to open at $174 apiece, about 29% above the IPO price of $135 per share, Bloomberg reported Friday.Adobe (ADBE) reported fiscal Q2 adjusted earnings late Thursday of $5.96 per diluted share, up from $5.06 a year earlier and above the FactSet consensus analyst estimate of $5.82. Fiscal Q2 revenue was $6.62 billion, up from $5.87 billion a year ago and above the FactSet consensus of $6.45 billion. For fiscal Q3, the company expects adjusted EPS of $6.05 to $6.10 on revenue of $6.67 billion to $6.72 billion. Analysts polled by FactSet expect $5.77 and $6.52 billion, respectively. For the full year, Adobe expects adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion. Analysts expect $23.54 and $26.06 billion, respectively. The company also announced that Chief Financial Officer Dan Durn will leave the company on Monday, and Steve Day, senior vice president of corporate finance, will serve as interim CFO. Adobe shares were down 7.4% around midday.BlackRock (BLK) HPS Corporate Lending Fund received repurchase requests totaling about 13.3% of shares outstanding as of March 31 but will fulfill requests for just 5% of shares, the fund said Friday in a regulatory filing. The fund previously limited redemptions to 5% after receiving requests to repurchase about 9.3% of share outstanding, according to a March regulatory filing. BlackRock shares were up 2%.SharonAI (SHAZ) said Friday it has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including the deployment of up to 40,000 Grace Blackwell GB300 GPUs. SharonAI shares were down 7.8%, while Nvidia shares were up 0.4%.Turkey's Competition Board said Friday it has concluded an investigation into Netflix (NFLX), Amazon (AMZN) Prime, Walt Disney (DIS) and other streaming platforms through a waiver of liability. Netflix agreed to measures that seek to address issues raised by the board regarding its selection of Turkish content, while all of the companies committed to certain steps to address the raised issue of exclusivity clauses in contracts. Netflix and Amazon shares were down 1.1% and 2%, respectively, while Disney shares were up 0.3%.Price: $203.46, Change: $-15.34, Percent Change: -7.01%

Sector Update: Tech Stocks Mixed Premarket Friday

Technology stocks were mixed premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.5% higher.Adobe (ADBE) stock was down more than 9% even after the company reported higher fiscal Q2 adjusted earnings and revenue. Adobe also said Chief Financial Officer Dan Durn will exit the company on Monday to pursue a new opportunity.Seagate Technology (STX) said its Seagate HDD Cayman unit issued a notice to redeem all outstanding 3.50% exchangeable senior notes due 2028 that have not been exchanged. Seagate Technology stock was up more than 1% pre-bell.Sharon AI (SHAZ) has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including deployment of up to 40,000 Grace Blackwell GB300 GPUs, the company said. Sharon AI shares were up more than 7% premarket.

Sharon AI, NVIDIA Announce Strategic AI Infrastructure Partnership in Australia

Sharon AI (SHAZ) has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including deployment of up to 40,000 Grace Blackwell GB300 GPUs, the company said Friday.The deal will add 72 megawatts of AI data center capacity using Nvidia's DSX AI factory design under a revenue-sharing and credit-support model to support cloud demand and improve capital efficiency, Sharon AI said.Sharon AI added its total AI factory capacity has risen to 132 MW, with 102 MW contracted, and it plans to deploy more than 55,000 Nvidia GPUs by mid-2027.Shares of Sharon AI were up more than 12% in premarket trading.

Compass Point Initiates SharonAI at Buy With $50 Price Target