SharonAI Holdings is trading higher Tuesday after a Schedule 13G filing showed Situational Awareness LP increased its stake to 19.9%.

Sharon AI jumps after hours after closing a $1.6 billion financing to expand AI compute infrastructure.

SharonAI Holdings is trading higher Tuesday after a Schedule 13G filing showed Situational Awareness LP increased its stake to 19.9%.

SharonAI Holdings shares are under pressure after reports that Meta is developing a cloud business to sell excess AI compute capacity.