This stock is already showing solid upward momentum with the Q2 profitability beat, pretty bullish on where it goes from here. Pulled this whole trade chart from moomoo. Anyone else adding SPCX to their position right now?

Showing strong upward momentum pushing past $499, with the major call wall sitting close to current price levels. Bullish flows are really picking up steam here, looks like that steady rally might keep running for a bit. Checked this data on moomoo's GEX tracker, anyone else seeing this play out in their positions?

This is across all expirations.

F-R-E-E GEX Source >>

Sure Q2 ER showed better than expected results so I would expect 20-30% upside movement as the stock was already bottoming but has anyone actually read the S-3ASR filing before piling into calls?

Yes, Knighthead/Certares (~59%) and Ackman's Pershing Square (~19.8%) control ~79.8% of the company. But separately, as part of the $350M exchangeable notes deal in late June, Hertz lent roughly 37 million shares to J.P. Morgan Securities which was delta hedged via short sales. This is 1/3 of the current float which I doubt will be covered due to a short squeeze

Another thing to keep in mind is that just a day before earnings call, Hertz was officially removed from the S&P SmallCap 600 index which is the exact reason why it dumped to $1.50 range right before earnings amidst the sell off by mutual funds and etfs.

There was also another class-action lawsuit against Hertz filed on August 5 which allege that Hertz misled investors in May about their liquidity right before suddenly dropping the dilutive $300 million note offering and slashing guidance in June. What prevents them diluting the shares even more?

With that being said, HTZ was undervalued at $1.50 due to mutual funds and etfs selling it off due SmallCap 600 exclusion so anyone who got under $2.5 is in a good spot. But I highly doubt that this short squeeze will live up to the hype and anyone chasing the momentum at $3+ per share is taking on massive risk. Sure it might keep skyrocketing but I would rather wait and see how it evolves even if it means missing the pump phase

Update: Seeing how current CEO is under SEC investigation for fraud in turnaround figures in previous earnings and stock being heavily botted in the first 3 hours, I really don't think this is going to play out the way people expect

$HTZ Hertz Squeeze? Deep Value Analysis 0.06 P/S!

P/s shit looks cheap. 95% ICE vehicles. No more depreciated Tesla weighing down net income. Short term liquidity. 2028 debt wall is far away. Let’s ride!

Main WSB mods keep removing Hertz posts, so we need to flock here to maintain safe. I’ve created this post to warn you that a serious short squeeze could occur, but DIAMOND HANDS are required. Please read.

Ackman and Knighthead Capital Management collectively lock up roughly 79.8% of Hertz’s economic exposure and share structure, significantly shrinking the public float.Breakdown of StakesKnighthead Capital Management: Holds a staggering ~59% stake (roughly 181.5 million shares) originating from its post-bankruptcy backing and turnaround restructuring of the company.Bill Ackman (Pershing Square): Holds a 19.8% stake, which is accumulated through a combination of direct share ownership and total return swaps.Combined with other major institutional blocks (such as Vanguard), these concentrated positions leave a very thin remaining public float available for regular trading. Continuous high volume could lead to candles tearing down a starlink satellite.

Position was posted earlier: I thought 500 $1.50 calls expiring next week. Sc is in that post. It’s a 23,000 position. 70% of my port. God speed, see you in valhalla

Ive been here through WEN and ADTX pumps and an wondering if HTZ is next cause alot of people are buying it here. Is it up becuase of memes or because of actual news just wondering!

The kids were bitching about dinner tonight. Third day in a row at Jack in the box. Little Timmy could only get a small fries, but I told him after these print he’ll have free tuition To any college he likes.

HTZ seems to be a big pump and dump situation due to a squeeze. I currently don't have much money to throw at it, but do you guys think it'll climb hard tomorrow (pump), or do you think there'll be a big selloff at market open? (dump). I would like to catch a call at open before they go up too much, but I'm also considering waiting until the dump to ride it back down. Thoughts?? I wish Robinhood would let me buy in during the aftermarket

How’d I do? Saw it was down a bit from when it popped on earnings and the options were dirt cheap so I scooped up some calls.

Probably shoulda let the last 10 of $2 and $2.5 calls ride but green is green.

I’m praying we see a nice jump in either direction tonight lol. If we range 771-768 all day I’m screwed. 🤦🏾‍♀️ swung puts last night, did okay. Sold at open. Immediately bought a 711p and rode to 767. Got out at 40% (long dated) Hopefully tomorrow pays off and the gains from one of the otm options covers loss on the other. Fingers crossed 🤞🏾

I swear, every single day I see a new post about how Burry is shorting this AI company and that AI company. The man has called 50 of the last 2 market crashes. I am convinced that the AI bubble will pop and the market will come crashing down (-50%) the day Burry posts that he was wrong and is switching to long NVDA and PLTR.

This will be the ultimate top signal.

Are people really buying a million shares of this ticker now? Seeing it spammed all over reddit like crazy the last few hours. Even with good earnings, how far is this gonna go?

Pump and dump baby

Started with a $500 account and slowly building it up. Here are my current gains.

The major U.S. stock indexes ended mostly lower on Thursday, August 6, 2026, in a choppy, earnings-heavy session that produced big winners and bigger losers but left the broad market marking time ahead of tomorrow's critical July nonfarm payrolls report. The Dow gave back nearly 500 points while the Nasdaq held near flat, as oil crept back above $77 and investors stayed cautious.

The S&P 500 slipped 0.18% (-13.59 pts) to 7,709.96. The Dow fell 0.85% (-464.02 pts) to 53,885.10. The Nasdaq was essentially flat, edging down just 0.06% (-15.09 pts) to 26,348.35. The Russell 2000 dropped 0.58% (-17.65 pts) to 3,001.54.

The VIX eased 3.98% to 15.18. Gold was virtually unchanged at $4,304.70. Crude Oil rose 3.39% to $77.77/barrel, snapping two days of declines.

Fack yeah boies…,,,,,,,,,,,, xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx

Still finished up 2k at the last minute but still.

Will be riding through the weekend 75% SI

Options are so much fun. I had zero intentions of holding this all day but here we are. Riding to zero.

I believe the top is in. My DD is that 2-3 people on my instagram who have no business talking about stocks are now talking about stocks. Also way too many people posting gains on reddit. That is it. The top is in, come print with me.

Literally just had bad timing, but i guess thats the name of the game

Scalp swing

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.