By Kosaku NariokaSharp Corp. shares rose sharply after news that it plans to set up a data center in Osaka using Nvidia chips along with Japanese tech start-up Datasection and telecoms firm KDDI. Shares of electronics maker Sharp were recently 4.2% higher at 1,010.5 yen ($6.43) after having risen as much as 8.0% earlier. Datasection said the new data center planned to procure AI servers using Nvidia's latest chips from Super Micro Computer, and KDDI would help build the network for the data center. Datasection's shares were indicted 25% higher at the limit high of Y1,978 as buy orders overwhelmed sell orders, though no shares changed hands so far. KDDI shares were recently up 0.4% at Y4,353.

Source: Wall Street Journal June 03, 2024 03:35 UTC