Hyperscale Data, Inc.

(NYSE:GPUS) stock soared in Wednesday's premarket session after the company announced a Master Services Agreement tied to AI compute capacity at its Michigan data center campus.

The stock rallied after a weak regular session on Tuesday, when shares fell about 10% to close at $0.2557.

GPUS Stock Jumps On Neocloud Agreement Hyperscale Data said its subsidiary, Alliance Cloud Services, signed an agreement with a California-based neocloud provider.

The agreement covers colocation and data center services.