Shares of Quantum Corp. surged 153% to $60.02 Wednesday after the company said it was developing new technologies to support Nvidia's artificial-intelligence systems. QUBT also jumped 53% and QBTS rose 6.7%.

Shares have soared this year, up 760%.

Trading of the stock had been paused several times Wednesday due to volatility.

The San Jose, Calif., company, which provides end-to-end data management solutions for AI, earlier in the day said it is developing a parallel file system client for its Myriad all-flash file system to work with Nvidia's GPUDirect Storage system.

The company said this new parallel client design will offer an innovative approach to building artificial-intelligence and machine-learning infrastructure, letting customers add graphics-processing unit nodes to Myriad clusters as needed to respond quickly to evolving workflow and pipeline needs.

"Unlike traditional parallel file system clients, which rely on other appliances to perform these operations on their behalf, Myriad's client performs its own metadata operations, data reduction, and data protection operations," Quantum Chief Development Officer Jeff Mulder said. "This approach minimizes common bottlenecks, lets customers maximize their GPU investment across architectures, and allows performance to scale with the number of parallel clients accessing the Myriad system."