US Stock Market Move | QumulusAI (QMLS.US) enters the US stock market, with the opening stock price dropping and triggering a circuit breaker.

On Thursday, QumulusAI (QMLS.US) debuted on the US stock market, with its stock price dropping at the opening and triggering a circuit breaker. As of the time of writing, the stock has fallen by 39.53%, trading at $22.98. QumulusAI is a US cloud computing company focused on AI GPU cloud infrastructure, and it went public 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 to small and medium-sized enterprises and AI development teams. It targets the AI computing power market outside of the major cloud service providers. The company is gradually shifting its focus from blockchain computing power to AI computing infrastructure to meet the rapidly growing demand for AI computing power.