RUM Group jumps 9.97% after record Q2 revenue and Q3 outlook

RUM Group shares rose 9.97% to $7.61 on Wednesday after the company reported record second-quarter revenue of $40.37 million, up 61% year over year, and said the recently closed Northern Data acquisition contributed $10.1 million in the quarter. Management guided third-quarter revenue to $87 million to $93 million, well above a Street forecast of $65.2 million that may not yet reflect the closed deal, reinforcing an expanding AI infrastructure narrative around Quake AI's GPU estate and a new multi-year agreement with Together AI. The rally came even as RUM posted a second-quarter net loss of 28 cents per share, wider than the Street's expected 9-cent loss, leaving profitability a key debate as revenue accelerates. Technically, the stock was trading above its 20-, 50-, 100- and 200-day simple moving averages, while MACD pointed to improving upside pressure.

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