Firmus rival Sharon AI debuts on Nasdaq with $1 billion valuation

The trillions of dollars flowing globally into data center investments needed to advance artificial intelligence have helped Australian technology stock Sharon AI make a strong debut on the Nasdaq, valued at $1 billion.

Sharon AI, which was founded two years ago and supplies companies with equipment that runs graphics processors from Nvidia and AMD, is a key competitor to Firmus Technologies, which is also planning a multibillion-dollar initial public offering in the middle of the year. Firmus was valued at $6 billion.

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