Why Rumble Stock Surged Today
Rumble (NASDAQ: RUM) stock posted gains in Monday's trading. The streaming and crypto player's share price closed out the day's trading up 3.3%, but had been up as much as 19.3% earlier in the session. Meanwhile, the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both dipped 0.3% on the day's trading.
Rumble stock rocketed out of the gates at the start of today's trading in response to speculative bets relating to some moves that the company is aiming to make in the artificial intelligence (AI) space. The gains faded as the day's trading progressed, but the stock still ended the session solidly in the green.
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Source Fool.com
