Quantum Corporation's Stock Surge

Shares of Quantum Corporation (NASDAQ: QMCO) jumped 140% after unveiling a new parallel file system client for its Myriad all-flash file system, enhancing NVIDIA GPUDirect Storage® capabilities.

Despite skepticism surrounding the growth of quantum stocks, particularly Quantum Computing Inc (NASDAQ: QUBT), traders shifted attention to Quantum after it detailed advanced technology for AI/ML infrastructure improvements.

New Client Features

The company introduced a highly parallel file system client that:
– Can be deployed on-the-fly
– Is compatible with various platforms, including NVIDIA Grace Hopper
– Optimized for GPU-intensive tasks such as:
– AI/ML model training
– High-performance computing visualization
– Video rendering
– Allows transformation of host workstations into Myriad GPU Nodes using high-performance GPU cards.

Performance Enhancements

This client leverages NVIDIA’s Magnum I/O™ GPUDirect Storage technology to create a direct RDMA data path between storage and GPU memory, eliminating CPU bottlenecks and delivering superior performance. It supports adding multiple client nodes to a Myriad cluster flexibly.

Jeff Mulder, Chief Development Officer at Quantum, emphasized that the client performs its own metadata operations, data reduction, and protection, which are intended to reduce bottlenecks and optimize GPU investment across architectures.

Early Access Program

The new Myriad parallel file system client will be available for evaluation through Quantum’s Early Access Program, inviting influential customers to provide feedback. Existing Myriad customers can join this program when the client launches in Q1 2025, with general availability expected in H2 2025.

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