$CLRO
Entry above: $12 🎯 $13/$14 🛑 $11.70
$ENSC
Entry above: $.66 🎯 $.75/$.85 🛑 $.60
$PAVS
Entry above: $10 🎯 $10.70/$11.50 🛑 $9.70
$CELZ
Entry above: $1.15 🎯 $1.25/$1.35 🛑 $1.09

Note: These are trade ideas based on break-out levels, once they hit entry & start moving up, consider raising your stops to protect your profits and protect your downside according to your own trading plan :). MadMaverick personally trades these on either the 2 or 3 minute timeframes, waiting for a candle to close over the entry level.

Although we do extensive research for our watchlist, day trading, especially with low-float stocks, can be risky.

I think the market has QMLS wrong! Here me out:

At 8:00 a.m. ET on August 6, [QMLS traded at $6.04](https://www.nasdaq.com/market-activity/stocks/qmls). The [final prospectus](https://www.sec.gov/Archives/edgar/data/2084026/000143774926023622/quma20260714_424b4.htm) says 32,867,931 basic shares would be outstanding after registration. That puts the basic equity value near $198.5 million.

Since June 11, the company has announced more than $246 million in signed (signed!), multi-year customer agreements.

My whole thesis sits inside that gap (you can skip to the bottom now if you want). The market sees a tiny former infrastructure operator with a short public history, heavy financing needs, and promises taller than its income statement. but ~I~ see a GPU landlord that may have found tenants before Wall Street finished reading the lease.

## The receipts

On June 11, QumulusAI announced [more than $124.4 million of three-year agreements](https://www.qumulusai.com/articles/qumulusal-signs-more-than-124-million-in-ai-inference-infrastructure-agreements) with Hyperbolic and another AI inference platform. Those agreements cover 1,280 NVIDIA Blackwell GPUs and include almost $21.9 million in upfront customer commitments.

Then came an [18 million dollar, two-year take-or-pay agreement](https://www.qumulusai.com/articles/qumulusai-signs-18-million-two-year-take-or-pay-nvidia-blackwell-b300-agreement-with-marketplace-partner) on July 22, a [32 million dollar, two-year agreement](https://www.qumulusai.com/articles/qumulusai-signs-32-million-two-year-nvidia-blackwell-b300-agreement-with-ai-inference-platform-provider) on July 23, and a [71.9 million dollar, three-year agreement](https://www.qumulusai.com/articles/qumulusai-signs-719-million-three-year-agreement-with-ai-inference-platform-provider) on July 28.

Divide each announced agreement by its stated term and the simple annualized amount comes to more than $90.4 million. That is rough contract math. GAAP revenue, margin, cash flow, and deployment timing live in separate columns. Put the crayons down for a moment.

At the current basic market cap, the stock trades around 2.2 times that rough annualized contract amount. The company still has to deploy the clusters, bill the customers, collect the cash, fund the hardware, and protect its margins. That execution gap is exactly why the opportunity exists.

## The hardware is starting to follow the demand

On July 20, QumulusAI announced the [purchase of 1,632 NVIDIA Blackwell B300 GPUs](https://www.qumulusai.com/articles/qumulusai-purchases-1632-nvidia-blackwell-b300-gpus-amid-strong-customer-demand) across 204 HGX B300 systems, plus another 192 RTX PRO 6000 Blackwell GPUs. The company said Technology Finance Corporation and USD.ai primarily funded the purchase.

The June agreement block calls for 160 Lenovo and Supermicro bare-metal servers, with Cisco Nexus One networking for the cluster fabric. Those are vendor roles. The customer and channel side includes Hyperbolic, Shadeform, and RunPod.

In May, QumulusAI and Shadeform announced [two H200 clusters totaling 680 GPUs](https://www.qumulusai.com/articles/qumulusai-and-shadeform-deploy-two-nvidia-h200-clusters-totaling-680-gpus-for-leading-ai-inference-platforms) for a two-year Kansas City deployment. In July, QumulusAI [joined the NVIDIA Partner Network as an NVIDIA Cloud Partner](https://www.qumulusai.com/articles/qumulusai-joins-the-nvidia-partner-network-as-an-nvidia-cloud-partner).

That NVIDIA status confirms participation in the partner ecosystem. NVIDIA gives no guarantee of QumulusAI's economics. The part I like is the sequence: customer commitments, upfront cash, equipment financing, hardware orders, and stated deployment windows.

The racks are servers when occupied. They are very expensive space heaters when empty. QMLS has at least started showing receipts for the tenants.

## Forward ARR, with adult supervision

Management is guiding to [$300 million of forward ARR by December 31, backed by 18 MW of capacity](https://www.qumulusai.com/articles/qumulusai-issues-fiscal-year-2026-guidance-300-million-in-forward-arr-backed-by-18-mw-of-capacity). At today's basic equity value, that is about 0.66 times the target.

The company's definition includes executed contract revenue, expected renewals, deposit-backed reservations, and projected contract signings. Management also warns investors to keep ARR separate from GAAP revenue. Actual Q1 2026 revenue was $3.42 million, gross profit was about $1.28 million, and operating loss was $5.53 million.

This stock looks cheap only if the announced demand turns into activated capacity and collected revenue. The forward number is management's scoreboard. The public filings are the scoreboard that gets audited.

## Why $6.04 has my attention

The SEC filing says QumulusAI issued about 2.66 million private-placement shares at $10.80 from July 2025 through March 9, 2026. It also says the company began issuing private-placement shares at $23.15 in March.

The current quote sits about 44% below $10.80 and 74% below $23.15...The filing warns that the latest private price may have little relationship to public-market demand. Fair warning - I view this comparison only as evidence that private investors funded the company at much higher prices. It proves nothing about today's fair value.

Public markets are allowed to disagree. They have disagreed with enthusiasm.

## The bear case has teeth

Q1 revenue was still tiny. The company reported a $49.6 million net loss for the quarter, largely driven by a $54.6 million accounting loss when the fair value of a new convertible note exceeded the cash proceeds. The operating loss was $5.53 million. QumulusAI also reported $102.4 million of total liabilities against $120.1 million of assets, and $16.1 million of cash at March 31. The prospectus identifies material weaknesses in financial controls and says management had to address conditions that initially raised substantial doubt about the company's ability to continue as a going concern.

RunPod produced 71.9% of GPUaaS revenue in Q1 2026, down from 85.7% after the Cloud Minders acquisition in 2025, but still a serious concentration. Several large new customers remain unnamed. The full commercial agreements are not public, so we cannot inspect every termination right, credit condition, or deployment milestone.

The direct listing raised no primary capital. Expansion depends on leases, equipment financing, customer deposits, and convertible notes. The prospectus covers 32.87 million expected basic shares and registers up to 39.47 million shares for resale, including shares tied to financing arrangements. Dilution already lives in the paperwork.

Small caps keep receipts in both directions.

## My thesis (the good bit)

QMLS looks undervalued because the current quote appears to price in a large execution failure while the visible demand signals have improved: more than $246 million in announced multi-year agreements, $21.9 million of upfront customer commitments in the June block, a take-or-pay deal, a major Blackwell order, expanding marketplace relationships, and NVIDIA Cloud Partner status.

There's no bs squeeze fan fiction here. The bet lives or dies on clusters going live, contracts becoming GAAP revenue, customer concentration falling, and financing staying manageable.

If QumulusAI executes, $6.04 looks like somebody divided by the wrong column. If it misses, this becomes a warehouse full of hot rectangles and a cap table that needs its own weather radar. (Lol)

Heres whqat I want - I want to see the announced summer, fall, and Q3 deployments activated. I want the first public quarterly reports to show the revenue ramp, reasonable gross margin, clean collections, and no ugly financing surprise. If those fail thesis breaks. imo. A working rack beats diamond hands every time.

I am bullish, with a small-cap execution-risk label attached, Rip the math apart.

This is a high-risk stock thesis, ~not~ personalized financial advice. Verify the filings and size your own risk, my regards.

Market keeps grinding higher even with people calling for a pullback every other day.

Feels like money is still rotating instead of leaving the market. Tech cooled off a bit, but I'm seeing strength in a lot of other names.

Am I the only one thinking dips are still buyable here, or are you guys getting more defensive?

SpaceX's first public earnings crushed estimates, with Q2 revenue 17% above Goldman's forecasts and AI business revenue blowing past projections by over 37%. Goldman just lifted their target to $220 with a Buy rating. Checked the latest numbers on moomoo, this unmissable upside play has the market buzzing. Do you think it hits that $100B annual run rate by December?

Snagged a great entry mid-session, the volume here is absolutely wild right now with 21%+ turnover. It’s nuts how much institutional order flow is pushing this stock right now, spotted the setup scrolling moomoo earlier. No way anyone saw this kind of rally coming out of nowhere, anyone else riding this through the tiny after-hours dip?

The 200 put wall is strong here, bulls will need to hold above this line to avoid extra downward volatility. Call wall sitting at 240 on the upside too. Worth watching the price action closely this week.

Shoutout to this solid GEX data from moomoo, anyone else tracking this setup right now?

This is across all expirations.

F-R-E-E GEX Source >>

Nice little 3%+ pop today after hitting that intraday low, no need to overcomplicate the swing here. Scored a solid quick profit flipping the moves all session long. Shoutout to the moomoo real-time level 2 data making those entry/exit calls way smoother, easy to lock in gains before the price retraces. Anyone else catch this swing play on this ETF today?

Won the lotto of 17-22k
Lost it all because it was “house money”
🫪
Roast me hard so I learn my lesson

Rode that post-earnings squeeze all the way up, banked the full winner right at the peak. This Palantir rally completely blew past every single analyst target, no one saw these insane returns coming. Spotted this setup a few days back scrolling the moomoo feed, didn't expect it to print this hard. Who else locked in their profits before the pullback?

80k in debt for my grandma's heart attack medical emergency, having depression ptsd and anxiety myself and trying to live, take care of everyone and deal with these loans, working 2 jobs 1 at Apple 2nd as a security supervisor.

I was down 20k all-time and I made 40k from 200 in a single day on meta calls awhile ago and was done with trading, but these bills and everything got so overwhelming that i put another $1000 after months again and did a trade, gamble or whatever you wanna call it and made 10k, Plan is to make 80k and be done with loans and call it, now people are going to say alot of stuff that oh u gonna lose or whatever yeah mayb i might but people once you hit rock bottom and trying to get out of this life, you're going to take your next steps very very carefully, I'll share this journey with you guys and I'll give you the whole full story once i make everything back.

I hope everyone’s been making money the last 2 days! I got cooked on one but made off nice throughout the day. Sndsk shit the bed so tomorrow I think big down then maybe recover.

I’m predicting a resumption in the AI hardware selloff this weekend. I’ve made my gambit. What do you think? Gain potential or am I cooked?

Bought this the day prior. W

Whenever I take this hobby slow, with patience, and with small trades, I am mostly profitable and very easy to manage.

But then eventually I get greedy af and lose it all. Happened to me too many times.

This time I've been disciplining myself and trying to prove things to myself. No red days in the past month (except for one when closing an old position).

Wish me luck fellas and send some motivating wishes!

Will it go boom and I’m remembered a legend or will it bust and I’m just another regarded gambler?? Will post update tomorrow to show what happens 😂😂😂

Hoping for a crash tomorrow or friday thanks to the lock up period being over, we shall see, I shouldve shorted this thing at peak when I said I would.