RUM Group Rallies, ServiceNow Rises, and Baldwin Insurance Gains on Dell & Sequence Deal

0:00In business, there's the easy way with staples or the hard way. Easy means world-class reliability, answers from real human experts, and all your workplace needs in one order. Don't choose hard, choose staples. Learn more at staples.com. Bloomberg Audio Studios Podcasts, Radio, News The Stock Movers Report Your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some of the individual stocks on the move. Today we can do that. The Bloomberg's Ben Y. Sees across asset reporter for Bloomberg News Join us in studio. Ben, what are you looking at? Hey, so today I'm looking at RUM Group, ticker-rum. The company is known for making a version of YouTube popular among conservatives, but it's also gotten into Bitcoin mining and AI cloud infrastructure. RUM stock is soaring after the information reported that had struck an almost $14 billion deal with InfraPick to provide the AI giant with compute.

1:00Okay, it does a little bit of everything, and this is the company formerly known as RUM Group. Yes. Okay. That's why it's now just RUM Group. It's not just a $8.00 year today. Got it, got it. Okay. What's next? Yeah, and speaking of AI. Oh, wait, second RUM Group. You know what, this is based Longboat Key, Florida. That is a nice place. Nice beaches, very cool long-term balls. How many people are they employed? How many people are they employed? 150 six employees. I know exactly. Longboat Key. I mean, perfect. These guys are smart. Sorry, they're Ben. What else? Oh, they're all good. I'm also watching a service now, ticker and OW, in the same way that a lot of AI stocks are down. Service now stock is up. AI leaders have recently called for a slowdown in the pace of AI development, amid concerns over its increasing power. And that's good news for some software companies that many sought risk of being outmoded by sophisticated AI. And that's service now. So secondly, sunlight, perhaps. Last one for you. Yeah.

2:01And beyond AI, I'm looking at Baldwin Insurance, ticker BWIN. It's popping this morning after the FT reported that an investor consortium led by billionaire Michael Dell is looking to take the insurance brokerage private. Baldwin's stock is up about 25% since the start of the year after investors have speculated that it's an acquisition target. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live, catch us on YouTube, bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app. In business, there's the easy way with staples or the hard way. At staples, easy means workplace solutions trusted by 75% of the Fortune 500 from facilities and break room to print, furniture, and more.

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