US Stock Market Moves | QumulusAI (QMLS.US) Listed on US Stock Market, Opens Lower and Hits Circuit Breaker
As of press time, the stock was down 39.53%, trading at $22.98.
According to Zhitong Finance APP, on Thursday, QumulusAI (QMLS.US) debuted on the US stock market, with shares opening lower and triggering a circuit breaker. As of press time, the stock had fallen 39.53% to $22.98. QumulusAI is a US-based cloud computing company focused on AI GPU cloud infrastructure, and it listed on Nasdaq through a direct listing. The company mainly utilizes self-built and hosted data centers to provide GPU-based artificial intelligence computing power, cloud computing, and high-performance computing services for small and medium-sized enterprises and AI development teams, targeting the AI computing power market outside the scope of major cloud service providers. The company is gradually shifting its business focus from blockchain computing power to AI computing infrastructure to meet the rapidly growing demand for AI computing power.
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