Video platform Rumble, which hosts U.S. President Donald Trump's Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany's Northern Data, the companies said. Rumble said it was considering making an offer for the company which would give it control of Northern Data's cloud business,

The video-sharing platform and cloud services provider reported its second-quarter results and said it intends to make an all-stock bid to buy AI cloud-computing group Northern Data for about $1.17 billion.

RUM shares rally as company reveals interest in buying Northern Data. Here's why Rumble stock price surge may fail to sustain moving forward.