QumulusAI Stock Surges on $240.9M Nvidia GPU Infrastructure Contracts

Key Facts

QumulusAI stock surged following the announcement of $240.9 million in contracts to purchase Nvidia GPU infrastructure. Investing.com reported that the deal includes three-year take-or-pay agreements covering more than 2,000 NVIDIA Blackwell B300 GPUs to bolster the company's AI hardware capabilities.

QMLS closed at $7.16 on September 28, 2026, while NVDA closed at $228.86 on the same date. Within the broader sector, peer instruments also recorded their final levels on September 28, 2026, with AMD closing at $607.87 and TSM closing at $452.88.