B. Riley Securities initiates coverage of QumulusAI with Buy rating, $11 price target

QumulusAI (QMLS) completed its NVIDIA B300 GPU deployment under a $71.9M agreement, with $523.4M in signed contracts, up 85% from Q2 2026. Active capacity is 8MW, with more planned. CEO notes revenue follows deployment. All capacity is contracted.

QumulusAI (QMLS) completed a $71.9M deal with NVIDIA and reported $523.4M in signed customer contracts. The company's active capacity is 7 MW, with plans to reach 8 MW by month-end and 3.75 MW in Atlanta by early 2027.

QumulusAI (QMLS) announced all 11.75 MW of its contracted computing capacity is sold, with 7 MW active and generating revenue. 1 MW will be handed off by month-end, and 3.75 MW is scheduled for early 2027. The contracts represent $209 million in annual recurring revenue. The company's signed customer contracts total $523.4 million, up 85% from Q2 2026.

QumulusAI (QMLS) shares fell 15% in early trading, erasing premarket gains, despite announcing $240.9M in new Nvidia GPU deals. The contracts, with two AI inference customers, total $344M and include extension options. CEO Maniscalco noted long-term planning and cash backing for GPU capacity.

QumulusAI stock fell 15% after initially gaining 15% premarket, despite announcing $240.9M in new Nvidia Blackwell GPU contracts. The contracts, with two existing AI customers, total $344M and include extension options. Investors focus on execution and revenue timing, with capacity delivery expected in late 2026 and early 2027.

QumulusAI's stock rose 15% premarket after securing $240.9M in Nvidia Blackwell B300 GPU contracts with two existing AI inference customers. The deals, totaling 2,000 GPUs, extend relationships and include options to increase value to $401.6M. Delivery is expected in late 2026 and early 2027, highlighting execution challenges and demand for AI inference capacity.