SharonAI Holdings is trading 5.5% down at $49.08 as investors continue selling AI-related equities amid concerns about slower development and elevated funding costs.
- Broader risk aversion is also weighing on the stock; technology shares are down 2.90%, while the Nasdaq is down 0.80%.
- Markets are pressured by the 5.02% 10-year Treasury yield, higher oil prices, and expectations for a Federal Reserve rate hike on September 16, 2026.