Rumble Signs $270 Million Cloud Agreement, Largest Commitment to Date
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: stocktwits
- Customer Commitment Innovation: Rumble's $270 million agreement with a third-party cloud customer marks the company's largest customer commitment to date, with potential for terms to be modified for a greater amount and longer duration if commercially successful.
- Significant Stock Volatility: Following the announcement, RUM shares surged nearly 25% at market open on Thursday, although they later retraced, indicating strong investor interest and making it the top-trending stock on Stocktwits.
- Strategic Acquisition Layout: Rumble's acquisition of Germany-based AI and cloud infrastructure provider Northern Data aims to build an independent platform free from U.S. tech giants like Google, Amazon, and Microsoft, expected to enhance cloud capacity with over 22,000 Nvidia GPUs.
- Retail Trader Sentiment: Retail sentiment on Stocktwits for RUM remained bullish over the past 24 hours, with trading volume reaching 4.85 million shares, nearly double the average three-month volume, reflecting strong market interest in the stock.
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Analyst Views on RUM
Wall Street analysts forecast RUM stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 8.330
Low
22.00
Averages
22.00
High
22.00
Current: 8.330
Low
22.00
Averages
22.00
High
22.00
No data
About RUM
Rumble Inc. is a video sharing platform and cloud services provider. The Company comprises two businesses: Rumble Services and Rumble Cloud. Rumble Services consists of Rumble Video, Rumble Studio, Rumble Advertising Center (RAC) and Rumble Wallet. Rumble Video is primarily enabled through its flagship product, Rumble.com, a free-to-use video sharing and livestreaming platform on which users can watch, share, like, comment and upload videos. Using Rumble Studio, creators can establish a variety of custom settings for their livestream, set up, go-live and control their livestream across multiple social platforms. Rumble Advertising Center is its proprietary advertising marketplace and network designed to facilitate transactions for advertisers seeking to access Rumble.com traffic and traffic from other publishers on the RAC network. Rumble Cloud is an infrastructure as a service (IaaS) offering consisting of a portfolio of compute, storage, security and networking offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rumble Signs $270 Million Cloud Agreement, Largest Commitment to Date
- Customer Commitment Innovation: Rumble's $270 million agreement with a third-party cloud customer marks the company's largest customer commitment to date, with potential for terms to be modified for a greater amount and longer duration if commercially successful.
- Significant Stock Volatility: Following the announcement, RUM shares surged nearly 25% at market open on Thursday, although they later retraced, indicating strong investor interest and making it the top-trending stock on Stocktwits.
- Strategic Acquisition Layout: Rumble's acquisition of Germany-based AI and cloud infrastructure provider Northern Data aims to build an independent platform free from U.S. tech giants like Google, Amazon, and Microsoft, expected to enhance cloud capacity with over 22,000 Nvidia GPUs.
- Retail Trader Sentiment: Retail sentiment on Stocktwits for RUM remained bullish over the past 24 hours, with trading volume reaching 4.85 million shares, nearly double the average three-month volume, reflecting strong market interest in the stock.
See More
Rumble Shares Surge to 11-Month High After Major Customer Commitment
- Record Customer Commitment: Rumble has signed its largest customer commitment to date with a third-party cloud customer, who will purchase dedicated GPU cloud capacity powered by NVIDIA Blackwell B300 systems, indicating a significant revenue opportunity for the ad platform.
- Stock Price Surge: Following this announcement, Rumble's shares soared over 23%, reaching an 11-month high, reflecting market optimism regarding the company's growth potential and future profitability.
- Revenue Stream Potential: The agreement not only establishes a new revenue stream for Rumble but also includes the possibility of increased value and extended commitment duration based on market success, enhancing the company's financial stability.
- Strategic Market Positioning: This development highlights Rumble's strategic shift towards AI cloud services, which may attract additional customers and strengthen its position in a highly competitive market.
See More
Stocks Decline Amid Rising Oil Prices and Interest Rates
- Strong Labor Market: The SADP report for May revealed the addition of 122,000 jobs, surpassing the consensus estimate of 110,000, indicating a firm labor market; however, this data has also heightened rate hike expectations, diminishing the relief companies had anticipated.
- GitLab Layoffs: GitLab announced a workforce reduction of approximately 14% and an exit from 22 countries, signaling that enterprise clients are still managing costs tightly even amidst a broader market recovery, reflecting direct pressure from higher rates and geopolitical uncertainty on spending.
- Market Overreaction: The stock market's reaction to news has been overly severe, and while significant price drops can present good buying opportunities for high-quality stocks, overall market sentiment remains influenced by macroeconomic factors.
- Rumble Stock Volatility: Rumble's shares have experienced over 50 moves greater than 5% in the past year; despite today's decline, the market does not seem to alter its fundamental perception of the business, with a year-to-date increase of 32.4%, yet still trading 15.8% below its 52-week high.
See More
Rumble to Launch AI Compute-as-a-Service Platform by June
- AI Market Entry: Rumble plans to launch its AI compute-as-a-service platform by mid-June, aiming to compete directly with the world's largest cloud hyperscalers, marking a strategic expansion into the AI sector that is expected to significantly enhance its market share and brand influence.
- Northern Data Acquisition: Rumble has confirmed its acquisition of Northern Data AG as its 'best and final' offer, with a deadline set for June 1, 2026, which will provide Rumble with thousands of Nvidia GPUs and 250 megawatts of data center capacity, thereby strengthening its cloud service capabilities.
- Positive Stock Reaction: Following the announcement of its entry into the AI market, Rumble's stock price surged nearly 6.5%, reflecting investor optimism about the company's future growth potential, with a year-to-date increase of 44.3%, indicating strong market confidence.
- Investor Confidence Boost: The management of Northern Data has unanimously advised shareholders to accept the deal, and the acquisition has secured all necessary regulatory approvals, indicating strong market confidence in Rumble's future development and expected further growth in the high-performance computing sector.
See More
Rumble Inc. Under Investigation for Securities Law Violations
- Investigation Launched: The Schall Law Firm has announced an investigation into Rumble Inc. to determine whether the company issued false or misleading statements or failed to disclose information critical to investors, potentially impacting shareholder rights.
- Financial Losses: Rumble's Q1 2026 financial results revealed that increased marketing costs and higher R&D spending led to a significantly larger net loss compared to the prior year, indicating potential risks to the company's financial health.
- Stock Price Decline: Following this news, Rumble's shares fell by nearly 11.9% the next day, reflecting market concerns about the company's financial situation and possibly leading to decreased investor confidence.
- Investor Rights: The Schall Law Firm encourages affected shareholders to reach out for discussions about their rights, demonstrating the firm's commitment to protecting investors' legal interests and providing legal support.
See More
Rumble's Final Opportunity to Acquire Northern Data Shares
- Acquisition Offer Deadline: Rumble Inc.'s additional acceptance period for acquiring Northern Data AG will expire on June 1, 2026, without extension, indicating this is the last chance for shareholders, which may impact their decisions and market reactions.
- Management Endorsement: Northern Data's Management and Supervisory Boards unanimously recommend shareholders accept Rumble's offer, demonstrating management's support for the transaction, which could bolster shareholder confidence.
- Exchange Ratio Confirmed: Each Northern Data shareholder that validly tenders will receive 2.0281 shares of Rumble Class A common stock, ensuring transparency and attractiveness of the deal, potentially encouraging more shareholder participation.
- Regulatory Approvals Secured: All regulatory approvals have been obtained, and the offer is not conditioned on a minimum tender threshold, further simplifying the transaction and potentially accelerating its completion.
See More
Rumble Signs $270 Million Cloud Agreement, Largest Commitment to Date
- Customer Commitment Innovation: Rumble's $270 million agreement with a third-party cloud customer marks the company's largest customer commitment to date, with potential for terms to be modified for a greater amount and longer duration if commercially successful.
- Significant Stock Volatility: Following the announcement, RUM shares surged nearly 25% at market open on Thursday, although they later retraced, indicating strong investor interest and making it the top-trending stock on Stocktwits.
- Strategic Acquisition Layout: Rumble's acquisition of Germany-based AI and cloud infrastructure provider Northern Data aims to build an independent platform free from U.S. tech giants like Google, Amazon, and Microsoft, expected to enhance cloud capacity with over 22,000 Nvidia GPUs.
- Retail Trader Sentiment: Retail sentiment on Stocktwits for RUM remained bullish over the past 24 hours, with trading volume reaching 4.85 million shares, nearly double the average three-month volume, reflecting strong market interest in the stock.
See More
Rumble Shares Surge to 11-Month High After Major Customer Commitment
- Record Customer Commitment: Rumble has signed its largest customer commitment to date with a third-party cloud customer, who will purchase dedicated GPU cloud capacity powered by NVIDIA Blackwell B300 systems, indicating a significant revenue opportunity for the ad platform.
- Stock Price Surge: Following this announcement, Rumble's shares soared over 23%, reaching an 11-month high, reflecting market optimism regarding the company's growth potential and future profitability.
- Revenue Stream Potential: The agreement not only establishes a new revenue stream for Rumble but also includes the possibility of increased value and extended commitment duration based on market success, enhancing the company's financial stability.
- Strategic Market Positioning: This development highlights Rumble's strategic shift towards AI cloud services, which may attract additional customers and strengthen its position in a highly competitive market.
See More
Stocks Decline Amid Rising Oil Prices and Interest Rates
- Strong Labor Market: The SADP report for May revealed the addition of 122,000 jobs, surpassing the consensus estimate of 110,000, indicating a firm labor market; however, this data has also heightened rate hike expectations, diminishing the relief companies had anticipated.
- GitLab Layoffs: GitLab announced a workforce reduction of approximately 14% and an exit from 22 countries, signaling that enterprise clients are still managing costs tightly even amidst a broader market recovery, reflecting direct pressure from higher rates and geopolitical uncertainty on spending.
- Market Overreaction: The stock market's reaction to news has been overly severe, and while significant price drops can present good buying opportunities for high-quality stocks, overall market sentiment remains influenced by macroeconomic factors.
- Rumble Stock Volatility: Rumble's shares have experienced over 50 moves greater than 5% in the past year; despite today's decline, the market does not seem to alter its fundamental perception of the business, with a year-to-date increase of 32.4%, yet still trading 15.8% below its 52-week high.
See More
Rumble to Launch AI Compute-as-a-Service Platform by June
- AI Market Entry: Rumble plans to launch its AI compute-as-a-service platform by mid-June, aiming to compete directly with the world's largest cloud hyperscalers, marking a strategic expansion into the AI sector that is expected to significantly enhance its market share and brand influence.
- Northern Data Acquisition: Rumble has confirmed its acquisition of Northern Data AG as its 'best and final' offer, with a deadline set for June 1, 2026, which will provide Rumble with thousands of Nvidia GPUs and 250 megawatts of data center capacity, thereby strengthening its cloud service capabilities.
- Positive Stock Reaction: Following the announcement of its entry into the AI market, Rumble's stock price surged nearly 6.5%, reflecting investor optimism about the company's future growth potential, with a year-to-date increase of 44.3%, indicating strong market confidence.
- Investor Confidence Boost: The management of Northern Data has unanimously advised shareholders to accept the deal, and the acquisition has secured all necessary regulatory approvals, indicating strong market confidence in Rumble's future development and expected further growth in the high-performance computing sector.
See More
Rumble Inc. Under Investigation for Securities Law Violations
- Investigation Launched: The Schall Law Firm has announced an investigation into Rumble Inc. to determine whether the company issued false or misleading statements or failed to disclose information critical to investors, potentially impacting shareholder rights.
- Financial Losses: Rumble's Q1 2026 financial results revealed that increased marketing costs and higher R&D spending led to a significantly larger net loss compared to the prior year, indicating potential risks to the company's financial health.
- Stock Price Decline: Following this news, Rumble's shares fell by nearly 11.9% the next day, reflecting market concerns about the company's financial situation and possibly leading to decreased investor confidence.
- Investor Rights: The Schall Law Firm encourages affected shareholders to reach out for discussions about their rights, demonstrating the firm's commitment to protecting investors' legal interests and providing legal support.
See More
Rumble's Final Opportunity to Acquire Northern Data Shares
- Acquisition Offer Deadline: Rumble Inc.'s additional acceptance period for acquiring Northern Data AG will expire on June 1, 2026, without extension, indicating this is the last chance for shareholders, which may impact their decisions and market reactions.
- Management Endorsement: Northern Data's Management and Supervisory Boards unanimously recommend shareholders accept Rumble's offer, demonstrating management's support for the transaction, which could bolster shareholder confidence.
- Exchange Ratio Confirmed: Each Northern Data shareholder that validly tenders will receive 2.0281 shares of Rumble Class A common stock, ensuring transparency and attractiveness of the deal, potentially encouraging more shareholder participation.
- Regulatory Approvals Secured: All regulatory approvals have been obtained, and the offer is not conditioned on a minimum tender threshold, further simplifying the transaction and potentially accelerating its completion.
See More
