Rumble jumps 16% after AI acquisition, Tether ad commitment
Rumble shares surged nearly 16% in premarket trading on Monday after the video platform announced a deal to acquire AI infrastructure firm Northern Data and secured a $100 million advertising commitment from Tether. The deal will make Tether an anchor customer for Rumble cloud expansion. Despite the rally, Rumble stock remains down over 57% year-to-date.