On July 9, SharonAI Holdings rose 8.9% in regular trading, trading at $81.86/share, with turnover of $53.16 million.

On the news front, investment bank B.Riley initiated coverage on the stock with a Buy rating and a $124 price target, implying approximately 51% upside from current levels. According to FactSet, the stock now carries an average analyst rating of Buy with a mean price target of $120.88.

The initiation adds to a series of positive catalysts for the company. NVIDIA previously announced a strategic partnership with SharonAI to co-build AI factories through a revenue-sharing model deploying up to 40,000 Grace Blackwell GB300 GPUs. Additionally, Situational Awareness LP, a fund managed by former OpenAI researcher Leopold Aschenbrenner, disclosed holding approximately 10% of the company. The stock had previously fallen 8.7% on July 7 amid market concerns over AI compute overcapacity, making the current move a continuation of the oversold recovery driven by accumulating bullish catalysts.

(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.)