$QMLS

Chardan Initiates QumulusAI at Buy Rating, With $24.50 Price Target

Top Midday Decliners

QumulusAI (QMLS) reported Monday the purchase of 1,632 Nvidia (NVDA) Blackwell B300 GPUs to meet demand for AI compute, with funding mainly through Technology Finance Corporation and USD.ai.Shares of QumulusAI fell 33%, with intraday trading volume of over 316,000 versus a daily average of about 187,000.Barclays downgraded Penguin Solutions (PENG) to underweight from equal weight, with a price target of $40.Late Friday, Penguin said it has closed its offering of $750.0 million of 0.00% convertible senior notes due 2031.Shares fell 11% as intraday trading volume jumped to over 4.2 million from a daily average of about 3.8 million.Tempus AI (TEM) agreed to acquire Personalis (PSNL) for a total enterprise value of $1.5 billion. Needham downgraded Personalis shares to hold from buy.Shares of Personalis slumped 12% as trading volume climbed up to over 9.5 million from a daily average of about 3.6 million.Price: $9.63, Change: $-4.65, Percent Change: -32.56%

QumulusAI Acquires 1,632 Nvidia Blackwell B300 GPUs

QumulusAI (QMLS) said Monday that it has bought 1,632 Nvidia (NVDA) Blackwell B300 GPUs to handle growing demand for high-performance artificial intelligence computing.The deal was funded mainly through financing arrangements with Technology Finance and USD.ai, the company said. Terms of the deal were not provided.The cloud infrastructure provider said the GPUs will be delivered through 204 Nvidia HGX B300 systems. Along with the B300 systems, the order also included 192 Nvidia RTX PRO 6000 Blackwell GPUs, the company added.Shares of QumulusAI were down 13.1% in early Monday trading.Price: $12.41, Change: $-1.87, Percent Change: -13.10%

QumulusAI Approved as Nvidia Cloud Partner

QumulusAI (QMLS) said Friday it has been approved as an Nvidia (NVDA) Cloud Partner, allowing it to deploy Nvidia AI infrastructure for enterprises and machine learning teams.The company said the partnership supports workloads including model training, fine-tuning, reinforced learning, and production-scale inference.Shares of QumulusAI were down more than 37% in Friday trading.Price: $13.43, Change: $-8.00, Percent Change: -37.32%

Top Midday Decliners

QumulusAI's common shares have begun trading on the Nasdaq Global Market under the ticker symbol "QMLS," according to a statement released Thursday.Shares sank 59%, with intraday trading volume at more than 74,000.AST SpaceMobile (ASTS) priced a private offering of $1 billion aggregate principal amount of 1.625% convertible senior notes due 2034, the company said late Wednesday.Shares slumped 19% as intraday trading volume catapulted to over 36.5 million from a daily average of about 22.3 million.ASP Isotopes (ASPI) said the company and its wholly owned subsidiary, Quantum Leap Energy, have entered into private exchange agreements with certain holders of the unit's outstanding convertible promissory notes, according to a statement released late Wednesday.Under the terms, certain holders of QLE Notes have agreed to exchange about $109.2 million of QLE Notes for roughly 23.2 million shares of ASP common stock, representing almost 18% of ASP's common stock.Shares of ASP declined 11%, with intraday trading volume rising to over 4.95 million from a daily average of roughly 4.90 million.Price: $4.03, Change: $-0.56, Percent Change: -12.12%