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After going public in July following a direct listing, QumulusAI (QMLS) has gained attention on Wall Street as an artificial intelligence (AI) name and cloud partner of Nvidia (NVDA). QumulusAI buys and deploys Nvidia GPUs to run AI training and inference workloads for customers.
Recently, the neocloud provider scored a huge data center win. In an amendment to its surface lease at its Oklahoma data center, the company extended its potential tenure at the site through Jan. 31, 2044. This replaces the original lease's single five-year renewal option with three consecutive five-year renewal options.
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2 months ago

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