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Rumble Stock: Why It’s Surging Today

1. Rumble to acquire Northern Data for up to $970 million. 2. Northern Data shareholders receive 2.0281 Rumble shares per share owned. 3. Rumble reports a Q3 loss of 6 cents per share with lower revenue. 4. Rumble shares surged 12% to $6.61 after acquisition announcement. 5. Deal enhances AI capabilities with 40,000 Nvidia GPUs and expanded data centers.

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FAQ

Why Bullish?

The acquisition positions Rumble strategically in AI, potentially enhancing revenue streams, similar to past tech mergers that yielded growth.

How important is it?

The acquisition significantly impacts Rumble's growth trajectory and market strategy, particularly in the lucrative AI sector.

Why Long Term?

As Rumble expands its AI capabilities, sustained growth in revenue and market position is expected over time, paralleling successes seen in other tech sectors.

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