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Rumble stock jumps on AI competition news

Rumble stock jumps 7.4% after CEO announces competition with AI hyperscalers. Details on Northern Data acquisition.

James Taylor
ByJames Taylor- Senior Editor
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Rumble stock jumps on AI competition news
Photo: Prepared by Bond.az

Rumble Inc (NASDAQ:RUM) shares rose 7.4% on Wednesday.

CEO Chris Pavlovski announced the company will compete with major cloud providers in AI services by mid-June.

Pavlovski tweeted that Rumble will compete with the largest hyperscalers focusing on AI compute as a service.

This follows Rumble's acquisition of Northern Data AG. The additional acceptance period for the exchange offer expires on June 1, 2026 at 06:01 Frankfurt time.

Each Northern Data shareholder will receive 2.0281 newly issued Rumble Class A common shares per Northern Data share at closing.

The Northern Data acquisition adds thousands of Nvidia GPUs and data centers to Rumble's infrastructure.

Rumble describes itself as a Freedom-First technology platform and is based in Longboat Key, Florida.

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Rumble stock jumps on AI competition news | Bond.az