Trump Media Declines 6% as Broad Selloff Weighs on High-Beta Stocks; Rumble Drops 8%
Smaller, more volatile stocks are taking oversized losses, and two social media names are near the front of that group. Trump Media & Technology Group (NASDAQ:DJT) stock is down 6% to $6.94 in afternoon trading.
Trump Media and Rumble Decline 5% as September Inflation Runs Above Forecasts; Reddit Slides 2%
Speculative social-media stocks are falling faster than benchmark funds after a hotter-than-expected inflation report. Trump Media & Technology Group (NASDAQ:DJT) stock is trading at $7.38, down 5%.
Rumble Resources advances Western Queen toward mine decision as October study nears
Rumble Resources Ltd (ASX:RTR, OTC:RTRFF) is advancing its Western Queen Gold-Tungsten Project in Western Australia toward a potential development decision, with pit dewatering preparations underway, an updated Scoping Study nearing completion and financing discussions progressing. The company is targeting release of the updated Scoping Study during October, followed by completion of a Feasibility Study and a potential decision to mine during the December quarter of 2026.
Analyst Backs Overlooked Rum Stock
RUM Group Inc (NYSE:RUM) stock turned higher overnight after Texas Capital initiated coverage with a "buy" rating and a $15 price target, implying a 94% upside to yesterday's close.
RUM's $13.7B Compute Win Contradicts AI Safety Concerns
Although AI safety warnings continue to spark fierce public debate and market volatility, AI companies' underlying actions paint a vastly different picture.
Rumble Soars 10% on Report Anthropic Is the $13.7B Compute Customer; CoreWeave and Nebius Drop 9%
Rumble (NASDAQ:RUM) stock is rising 10% to $7.87 in early Monday trading after a media report tied a marquee artificial intelligence (AI) customer to the six-year compute contract Rumble disclosed in an August securities filing.
RUM Group stock jumps on $13.7 billion Anthropic deal: will the gains hold?
RUM Group stock is in a strong upward trend today, even as other top technology companies slip. It jumped by over 20%, reaching a high of $8.73, its highest level since September 4 this year, after reports that it reached a giant deal with Anthropic.
RUM Group Just Gained 33% in a Month: Take Profits, or Buy More?
RUM Group (NASDAQ:RUM) stock has gained 33% over the past month to $8.50, giving investors another reason to reconsider the fast-changing story behind the company.
Trump Media Falls 5%, Rumble Slips 3%: Is Alternative Media Losing Its Retail Bid?
Alternative media stocks are diverging from their own peer group today.
RUM Group: Still Early In AI Cloud Shift
RUM Group, Inc. has pivoted from video streaming to AI cloud services, securing a transformative $13.7 billion GPU services contract. The six-year deal projects to $2.3 billion in annual revenue and validates RUM's purchase of Northern Data, with $3+ billion ARR potential by 2027. The company targets ~$3.5 billion in 2028 revenue from 250 MW of new data center capacity plus an existing business with Q3 '26 revenue guidance of $87–93 million.
RUM Group: Great Risk That Offers Great Potential (Upgrade)
RUM Group Inc. is upgraded to a speculative Buy following a transformative $13.7B, six-year GPU services agreement with a major US cloud customer. RUM must raise $6.4–$10.25B in capital to achieve a targeted 250MW+ AI infrastructure buildout, with financing structure (debt vs. equity) impacting dilution and leverage. Management targets $3B+ revenue by 2028, with modeled EV/revenue multiples of 4.2–5.9 and net leverage ratios ranging from 3.1 to 10.6 under various scenarios.
RUM Group Surges 11% as CEO Vows to Take On CoreWeave and Nebius, Trump Media Holds Flat
RUM Group (NASDAQ:RUM) stock is up 11% to $10.44 Tuesday midday after CEO Chris Pavlovski publicly named CoreWeave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) as targets for the company's
