Changes in US stocks | QumulusAI (QMLS.US) enters the US stock market and opens, the stock price falls and hits a meltdown

The Zhitong Finance App learned that on Thursday, QumulusAI (QMLS.US) landed in the US stock market, and the opening stock price fell and hit a meltdown. As of press release, the stock was down 39.53% to $22.98. QumulusAI is an American cloud computing company focusing on AI GPU cloud infrastructure. It has been listed on the NASDAQ through a direct listing. The company mainly uses self-built and hosted data centers to provide GPU-based artificial intelligence computing power, cloud computing and high-performance computing services for small and medium-sized enterprises and AI development teams, and is positioned in the AI computing power market other than large cloud service providers. The company is gradually shifting its business focus from blockchain computing power to AI computing infrastructure to meet the rapidly growing demand for AI computing power.