On August 12, SharonAI Holdings Inc. rose 8.01% in pre-market trading, trading at $60.88/share, with turnover of $468,100.
The stock is extending a technical rebound following a sharp post-earnings sell-off. The company reported Q2 results on August 6 showing a significantly widened net loss, triggering a two-day decline exceeding 12% and pushing shares to a low of $48. After becoming oversold, the stock began recovering on August 10, with prior sessions gaining approximately 8.68% and 8.17% respectively.
Providing fundamental support for the recovery, SharonAI previously signed a cloud services master agreement with NVIDIA valued at up to $4.88 billion and completed a $1.6 billion oversubscribed strategic financing to deploy up to 40,000 Grace Blackwell GB300 GPUs. The company plans to expand its GPU capacity to 64,000 units by mid-2027, with forward revenue expectations underpinning investor confidence despite near-term losses.
(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.)