Rumble Inc RUM Expands Cloud Infrastructure with Major Clients

However, it desires to be an alternative to public cloud companies as well. This is why the market was excited when Rumble announced yesterday afternoon that its cloud computing service is now open to the public. When it comes to communicating these complex topics, Ash’s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience.

Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Overall, RUM ranks 7th on our list of cloud computing stocks under $10. If you are looking for a deeply undervalued AI stock that is more promising than RUM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

While some leading technology firms use renewable energy sources in their data centers, others have committed to achieving carbon negativity by the year 2030. Nasscom Community went on to add that firms will look for cloud service providers that have solid sustainable solutions, such as carbon neutrality in computing strategies on corporate responsibility programs. According to Samuel, these alliances should enable cloud platforms to power a growing ecosystem of downstream SaaS providers that build solutions to allow easier adoption of Al-based solutions. Therefore, GenAl continues to be a key enabler for adopting advanced Al capabilities throughout industries, with the cloud acting as the backbone.

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Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and beaxy richer. The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates locals.com, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida.

• According to Samuel, these alliances should enable cloud platforms to power a growing ecosystem of downstream SaaS providers that build solutions to allow easier adoption of Al-based solutions.
• Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies.
• Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
• If you’re looking to bet against a company, the process is more complex.
• To acquire TikTok, Rumble says it would «join a consortium with other parties,» but I have doubts that a deal could be done to make Rumble a big beneficiary.
• As per Industry experts, cloud strategies have been shifting as organizations continue to utilize more services and Al is expected to be one of the biggest drivers.

It has risen by over 64% from its lowest point this year, bringing its market cap to over $1.5 billi… U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Wednesday. Please bear with us as we address this and restore your personalized lists. Be the first to get the latest important crypto news & events to your inbox. Amid a significant uptrend in crypto prices, altcoins are beginning to outperform Bitcoin (BTC), marking a notable shift since the…

The exceptional MAU growth it experienced in 2020 and 2021 indicates strong demand for its niche. And most importantly, these users stuck around even after the impetus for their joining (COVID-19 and the elections) ended. This suggests that intense news cycles in the future (such as the next U.S. election) could drive sustainable growth for the platform.

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The more consequential news for shareholders is the launch of Rumble’s cloud services. According to Fortune Business Insights, the infrastucture-as-a-service market (which Rumble Cloud competes in) could be worth $500 billion by 2030. The platform’s cost of services (which includes content fees and hosting) stood at $40.8 million in the third quarter — dwarfing its $25 million in revenue and contributing to an operating loss of $35 million. Over the coming years, investors should expect cash burn to worsen before it improves because Rumble’s largest outflow (cost of services) scales with the amount of content produced and stored on its servers.

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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. It’s also worth noting that former President Donald Trump believes banning TikTok would give more power to Meta Platforms. And Meta is one of the platforms Rumble is trying to provide an alternative to, opencv introduction which underscores why it might want to acquire TikTok and keep the platform active. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. In the 12 months between the third quarter of 2020 and 2021, the platform’s average monthly active users (MAUs) skyrocketed by over 2,100% to 36 million.

As per Alex Turgeon, President of Valere, Al is expected to drive ~35% of the cloud computing market’s growth over the upcoming 2 years. In 2025, Al and cloud computing are expected to form an inseparable partnership. Alex Turgeon believes that investments by companies in Al-enabled cloud infrastructure should enhance scalability, performance, and accessibility. As per Deloitte, 70% of the companies that are adopting Al will adopt it via cloud-based infrastructure. Building competitive platforms in the video and cloud spaces is an expensive journey that won’t be quick.

MicroStrategy’s Bitcoin play has worked tremendously for the company’s stock performance. In the past year alone, MSTR price has increased by more than 670%, outperforming both BTC and the S&P 500 regarding returns on investment. In the case of Rumble, which is trading at $7.23 as of publishing time, $100 would buy you 13.83 shares of stock. Many will allow you to buy ‘fractional shares,’ which allows you to own portions of stock without buying an entire share.

To acquire TikTok, Rumble says it would «join a consortium with other parties,» but I have doubts that a deal could be done to make Rumble a big beneficiary. According to Bloomberg, TikTok’s U.S. operations could be worth at least $40 billion. By comparison, Rumble has a market cap of just $2 billion and only has $267 million in cash, cash equivalents, and marketable securities as of the end of its third quarter. The conservative-leaning streaming video platform faces a lot of challenges. That said, Rumble’s losses are huge, and it currently has no clear pathway to profitability. Risk-averse investors should wait for more quarters (or even years) of data before considering a position in the stock.

But this surge was probably helped by the U.S. election cycle and the stay-at-home boom during the COVID-19 pandemic. Since then, RUM stock has increased by 58.8% and is now trading at $7.13. Rumble scored higher than 25% of companies evaluated by MarketBeat, and ranked 550th out of 644 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Shares of Trump Media, which operates the social-media platform Truth Social and is viewed as a Wall Street proxy for Republican nominee Donald Trump’s election bid, soared last week.

In the NFT space, Ash’s interest is driven by the technology’s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash’s research in this area often touches on the intersection of culture, technology, and community-driven projects. The company stated that its management would evaluate what is saxo bank factors such as market conditions, Bitcoin’s trading price, and Rumble’s cash flow needs to determine the timing and amount of BTC purchases. However, it emphasized that the strategy could be modified, paused, or discontinued.