Quantum Stocks Soar with New File System Client
Investing.com -- Quantum Corporation (NASDAQ: QMCO) shares surged by 140% following the announcement of a new parallel file system client designed to enhance NVIDIA GPUDirect Storage® capabilities for the Quantum Myriad all-flash file system.
The rise in the company's stock challenges recent skepticism surrounding the sustainability of growth in quantum stocks, as seen with Quantum Computing Inc (NASDAQ: QUBT), which is facing scrutiny from short-seller Citron Research. Momentum traders shifted their focus to Quantum Corporation after the company disclosed details of its innovative technology aimed at developing AI/ML infrastructure.
Quantum's development offers a highly parallel file system client that is instantly deployable and compatible across platforms, including NVIDIA Grace Hopper and Grace ARM-based architectures. This client is optimized for GPU-intensive tasks such as AI/ML model training and inference, high-performance computing visualization and modeling, and video processing. By being directly installed on servers or workstations equipped with high-performance GPU cards, it enables the transformation of regular workstations into operational Myriad GPU Nodes.
The client overcomes CPU bottlenecks and delivers exceptional performance by utilizing NVIDIA's Magnum I/O™ GPUDirect Storage technology to create a direct RDMA data path between storage and GPU memory. This technology allows for multiple client nodes to be added to a Myriad cluster at any time, providing a wide range of connectivity options and flexibility for all-flash file systems.
Jeff Mulder, Chief Development Officer at Quantum, highlighted the unique capabilities of the new client, which performs its own metadata operations, data reduction, and data protection tasks. This approach is designed to minimize common bottlenecks and maximize GPU investment across different architectures.
The new Myriad parallel file system client will be made available for evaluation through Quantum's Early Access Program, which invites select customers to provide feedback on product development. The program aims to test and validate new features that will benefit all users.
Quantum Corporation announced that existing Myriad customers will be eligible to participate in the Early Access Program with the client expected to be released in the first quarter of 2025, while general availability is anticipated in the second half of 2025.