QumulusAI stock surges on $240.9M Nvidia GPU contracts

Investing.com -- QumulusAI Inc (NASDAQ: QMLS) shares jumped nearly 15% in premarket trading Tuesday after the company announced $240.9 million in new three-year contracts for Nvidia Blackwell B300 GPUs.

The larger contract, valued at $211.9 million over three years, is with an AI inference platform that deploys large language models and other AI applications. This marks the customer's second agreement with QumulusAI, following a $71.9 million three-year contract announced July 28, 2026, bringing total commitments from this customer to more than $283 million. Capacity is targeted for delivery in early 2027.

The second contract, worth $29.1 million over three years, is with a generative-AI inference platform serving developers and enterprises. This follows a $32 million two-year agreement announced July 23, 2026, bringing this customer's total commitments to more than $61 million. Capacity is expected to be delivered in December 2026.

Extension options could increase the total potential value of the new agreements to $401.6 million over five years. The larger contract includes two one-year extension options valued at $70.6 million each, while the smaller contract has a two-year extension option valued at $19.4 million.

CEO Michael Maniscalco said inference platforms are planning capacity years ahead and backing those plans with cash, allowing the company to place GPUs against signed contracts rather than forecasts.

Original Article

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