RUM Stock Ticks Higher Overnight: Analyst Sees 94% Upside As $13B Anthropic Deal Sets Off AI Pivot

RUM Group Inc. (formerly Rumble) reports Q3 earnings with analysts expecting a loss of 10.5 cents per share on revenue of $88.87 million, up 259% YoY. The company's transformation into an AI data center operator, including a $13.7 billion contract with Anthropic, will be in focus. Analysts maintain a Buy rating with a $23.50 price target. Investors will watch for updates on the Maysville data center construction and legacy video platform performance.

Trump Media (DJT) and Rumble (RUM) stocks fell 5% after September's CPI report showed higher-than-expected inflation, which may delay Fed rate cuts. DJT trades at $7.38 with Q2 revenue of $1.7M and significant losses, while RUM is at $6.39 with Q1 revenue of $25.46M. Reddit (RDDT), a profitable platform, declined 2%. Both DJT and RUM are sensitive to rate expectations due to their operating losses.

RUM Group (RUM) stock rose 4% premarket after Lake Street initiated coverage with a 'Buy' rating and $25 price target, implying 226% upside. The analyst believes RUM's AI data centers and neocloud infrastructure, along with a 250 MW power deal and a $13.7 billion Anthropic contract, are undervalued by the market.

Lake Street initiated coverage on Rumble, Inc. (NASDAQ:RUM) with a Buy rating and a $25.00 price target. The company is shifting from a video platform to an AI data center and neocloud, with a $13.7 billion contract with Anthropic. Rumble reported Q2 2026 revenue of $40.36 million, beating expectations, but a wider-than-expected loss. Texas Capital Securities also initiated coverage with a Buy rating and a $15.00 price target.

RUM Group confirmed a $13.7b GPU services deal with Anthropic for its Georgia data center, including warrants for up to 51m RUM shares. This shift toward AI-focused infrastructure may impact investor views, with risks including capital needs and execution. Analysts forecast $822.1m revenue and $10.8m earnings by 2029, with a potential 147% upside.

Rumble Inc. (RUM) shares rose 6.5% after CEO Chris Pavlovski announced plans to enter the AI compute-as-a-service market by mid-June. The move is supported by the pending acquisition of Northern Data AG, a European high-performance computing firm, which will provide Rumble with thousands of Nvidia GPUs. The acquisition is expected to close in mid-June, with Northern Data shareholders receiving 2.0281 shares of Rumble Class A common stock per share.