Rumble Surges After Report Links Anthropic to $13.7B Compute Contract
Rumble (NASDAQ:RUM) surged over 10% in early trading following a report that identified AI lab Anthropic as the unnamed customer behind its six-year, $13.7 billion compute contract disclosed earlier this month. The unconfirmed deal reportedly includes an option for Anthropic to purchase up to 51 million Rumble shares at $0.01 each. While neither company has confirmed the partnership, the news sent a clear signal of competitive advantage in AI infrastructure. The positive momentum came as peers CoreWeave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS) both dropped 9%, with broader AI-compute names underperforming against cloud software stocks. The Invesco QQQ Trust (NASDAQ:QQQ) fell by nearly 2% while the First Trust Cloud Computing ETF (SKYY) remained relatively stable, highlighting a more concentrated sell-off in compute-focused firms. The report also highlighted Rumble's recent expansion into AI infrastructure through its acquisition of Northern Data and its ongoing construction of a Georgia data center. Meanwhile, Anthropic CEO Dario Amodei’s call for slower AI development has added pressure on the rented-compute sector.
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Topics: AI compute infrastructure CoreWeave Nebius Rumble stock market reaction