Trump-linked RUM Group signs $13.7 billion AI deal with US-based cloud client
RUM Group, which hosts US President Donald Trump’s Truth Social platform, said on Monday it has signed a contract with an unnamed U.S.-based cloud customer worth about $13.7 billion to supply AI chips.
Shares of RUM Group rose more than 8% in premarket trading.
Rumble started operating as RUM Group in June after closing its acquisition of German AI cloud company Northern Data, creating a new AI-infrastructure business as it seeks to capitalize on booming AI compute demand.
