• In June 2026, Rumble amended its charter to lift authorized capital to 1.70 billion shares and announced a multi‑year NVIDIA HGX B300 GPU cloud capacity deal with Together AI, underlining its push into large‑scale AI infrastructure beyond its core video platform.
• The combination of the Northern Data acquisition progress, expanded share authorization, and the Together AI agreement highlights Rumble’s ambition to become an independent AI and cloud infrastructure provider outside the traditional hyperscale ecosystem.
• Next, we’ll examine how the Together AI GPU cloud agreement reshapes Rumble’s investment narrative around its AI and cloud ambitions.

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Rumble Investment Narrative Recap

To own Rumble today, you have to believe it can turn an unprofitable creator video platform into a credible AI and cloud infrastructure business while still growing its audience and monetization. The Together AI GPU deal directly supports that AI pivot, but the newly expanded share authorization also highlights the key near term tension: funding capital intensive infrastructure while already running sizable losses. The biggest risk remains prolonged cash burn if new AI and cloud revenues do not scale fast enough to support this heavier investment profile.

Of the recent developments, the Together AI agreement is the most relevant here because it converts Rumble’s AI and cloud ambitions into a concrete, multi year customer commitment tied to NVIDIA HGX B300 systems. It sits alongside the pending Northern Data acquisition and the Tether backed Rumble Wallet push, and together they concentrate the near term catalyst on whether Rumble can show measurable traction in higher value infrastructure and enterprise style revenue rather than relying solely on its core ad driven video business.

Yet against this upside story, investors should also weigh how higher capital needs, rising operating costs, and potential dilution from the larger share authorization could play out over time...

Rumble's narrative projects $822.1 million revenue and $10.8 million earnings by 2029.

Uncover how Rumble's forecasts yield a $22.00 fair value, a 202% upside to its current price.

Exploring Other Perspectives

The most bullish analysts were already assuming about US$196,000,000 of revenue by 2028 and a swing to roughly US$21,300,000 of earnings, which is far more optimistic than the baseline view; after this AI cloud deal and share authorization, you may decide that either this upbeat scenario or the concern about rising costs and infrastructure spend feels closer to your own expectations, and it is worth recognizing that informed investors can look at the same news and still come to very different conclusions.

Explore 5 other fair value estimates on Rumble - why the stock might be worth less than half the current price!

Decide For Yourself

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Rumble research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
• Our free Rumble research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Rumble's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.