Trump Media Drops 7% While Rumble Climbs 3% Against a Rising Market

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.

Trump Media & Technology Group, parent of Truth Social, is nearing a merger with TAE Technologies, a nuclear fusion developer. The deal, first announced in December 2025, was formalized in a September 30, 2026, securities filing. The merger diversifies Trump Media into deep-tech and energy sectors, combining TAE's fusion research with Truth Social's media operations. Completion depends on regulatory approvals and shareholder votes.

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.

Trump Media & Technology Group (TMTG) and TAE Technologies filed a Form S-4 registration statement for their proposed all-stock merger. The combined company will focus on commercializing fusion energy, power solutions, and life sciences. Upon completion, TMTG shareholders and TAE stockholders will each own about 50% of the enterprise. The merger aims to support TAE's development of commercial fusion power and aligns with TMTG's mission to diversify into transformative technology sectors.

RUM Group's stock rose 0.8% overnight after Texas Capital initiated coverage with a $15 price target, citing its AI shift and a $13.7B Anthropic deal. The company acquired Northern Data to enter AI infrastructure, operating Quake AI alongside its media platform. The analyst sees 94% upside potential.