What's Going On With Quantum Corporation Stock Wednesday?

Quantum Corporation QMCO shares are trading higher on Wednesday.

The company, which has gained over 250% over the past year, announced the development of a parallel file system client for its Myriad all-flash file system.

This new client is designed to fully enable NVIDIA Corporation GPUDirect Storage capabilities, offering on-the-fly client node deployments with cross-platform compatibility, including support for NVIDIA Grace Hopper ARM-based architectures.

With the development, the company said customers will integrate powerful GPU nodes into their Myriad clusters, responding quickly to the dynamic needs of AI, machine learning, high-performance computing (HPC), and video rendering workflows.

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The Myriad parallel client transforms host workstations with high-performance GPU cards into operational Myriad GPU nodes, leveraging NVIDIA’s Magnum I/O technology to bypass CPU bottlenecks.

This direct RDMA data path between storage and GPU memory enables exceptional GPU utilization and performance.

The system is highly flexible, allowing customers to add multiple client nodes to their clusters on-demand and offering connection options like SMB, NFS, and planned S3 access.

Quantum’s new client is aimed at supporting the growing demands of AI/ML pipelines, offering scalability and adaptability without requiring extensive new infrastructure.

The company is offering the new client for evaluation through its Early Access Program, allowing customers to test and provide feedback.

With this innovation, Quantum is positioning Myriad as a powerful, scalable solution for industries demanding high-performance, data-intensive workflows.

Price Action: QMCO shares are trading higher by 9.40% to $25.95 at last check Wednesday.

Photo via Shutterstock.

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