SharonAI Holdings Inc. (NASDAQ: SHAZ), an Australian AI cloud company, has announced a six-year strategic compute collaboration with NVIDIA valued at $4.88 billion, according to Stock Titan. The agreement is aimed at significantly expanding AI data-center capacity in Australia.
Sharon AI shares surged 25% on Friday following the announcement, according to Yahoo Finance. The company trades on the NASDAQ under the ticker SHAZ.
Barron's and MSN both describe Sharon AI as "Australia's answer to CoreWeave" — a reference to the U.S.-based AI cloud infrastructure company that became one of the most closely watched GPU-rental businesses as demand for AI computing exploded. The comparison positions Sharon AI as a regional counterpart building out dedicated NVIDIA-powered infrastructure for enterprise and AI workloads.
The deal reflects a broader trend of AI infrastructure companies locking in long-term supply agreements directly with NVIDIA, whose chips remain the dominant hardware for training and running large AI models. A six-year horizon is unusually long for this fast-moving sector and signals confidence from both parties in sustained regional demand.
For Australia, the partnership matters because domestic AI cloud capacity has lagged behind the U.S. and Asia; a multibillion-dollar commitment to local GPU infrastructure could reshape how Australian businesses and researchers access the compute power needed to build and deploy AI systems.