SharonAI initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of SharonAI (SHAZ) with a Buy rating and $50 price target Demand for AI infrastructure capacity is growing faster than new data centers can be built and SharonAI is “uniquely well positioned to supply AI compute to a supply-constrained Asia Pacific market,” the analyst tells investors in a research note. The firm says the company’s strategy of deploying graphics processing unit clusters within existing data centers enables it to deploy AI compute quickly at scale. Lucid sees “substantial” revenue growth for SharonAI as contracted deployments come online in the coming months and quarters.