Classic 1999 vibes: $QMLS IPOed at $38, closed day one at $21, now trading at $6.20—and looks like a solid short.
This is a so-called "AI" compute rental company that leases infrastructure for model training. Smells like vaporware with a buzzword wrapper. When the IPO pops then craters 80%+ in weeks, that's your signal: hype > fundamentals.
Short setup is clean if you believe the AI infrastructure buildout is getting crowded and undifferentiated players get washed out fast. Watch for any bounce into resistance as an entry, but the trend is your friend here—and the trend is down.
This is a so-called "AI" compute rental company that leases infrastructure for model training. Smells like vaporware with a buzzword wrapper. When the IPO pops then craters 80%+ in weeks, that's your signal: hype > fundamentals.
Short setup is clean if you believe the AI infrastructure buildout is getting crowded and undifferentiated players get washed out fast. Watch for any bounce into resistance as an entry, but the trend is your friend here—and the trend is down.