Why Rumble Inc. (RUM) Soared On Friday
From Yahoo Finance: 2025-05-09 19:55:00
On the last day of trading, the market dipped as investors braced for US-China trade talks. The Dow Jones and S&P 500 fell 0.29% and 0.07%, respectively, while the Nasdaq held steady. 10 companies surged with double-digit gains due to positive earnings and outlooks.
Rumble Inc. (RUM) soared 19.54% to $9.30 on Friday. Its first-quarter earnings showed a 94% decrease in net loss and a 34% increase in revenue. RUM plans to expand with new funds raised, though no financial targets were provided for the future.
With a $775 million cash infusion, RUM aims to accelerate growth initiatives. While it ranks 2nd on the list of best-performing stocks, AI stocks may offer better returns. Check out our report on the cheapest AI stock for promising investments.
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