Deeply tied to Trump's Rumble (RUM.US) throws a whopping $767 million bet on the new growth narrative - AI Cloud.

According to the financial app Zhitong Finance, video platform Rumble (RUM.US) is planning to acquire the German-based AI cloud computing services company Northern Data for approximately $767 million in an all-stock transaction. Northern Data is a cloud AI company focusing on AI computing power leasing services and providing high-performance computing solutions. Under the acquisition plan proposed by Rumble, each shareholder of Northern Data will receive 2.0281 shares of newly issued Rumble Class A common stock for every share of Northern Data stock they hold. After the completion of the transaction, they will collectively hold approximately 30.4% of Rumble's shares.