Rumble Inc. (NASDAQ:RUM) is one of the best multibagger penny stocks to invest in. On March 23 at the 38th Annual Roth Conference, Rumble Inc. (NASDAQ:RUM) showcased its ambitious transformation into an advertising and AI cloud infrastructure company.

The transformation from a free speech video platform has resulted in the company’s monthly active users surging from 1 million in 2020 to 52 million, helping bolster its advertising business. On the other hand, the planned acquisition of Northern Data is poised to enhance the company’s AI cloud capabilities. Rumble also plans to enhance its AI-powered Applications for small to medium-sized businesses.

In addition to pursuing AI cloud opportunities, Rumble has set its sights on taking on the likes of YouTube in advertising. It has already signed a $100 million advertising deal with Tether, split over two years. It also plans to expand government relationships globally, including in El Salvador, to pursue growth opportunities. The company is also targeting Positive EBITDA over the next two years, driven by strategic capital deployment.

Rumble Inc. (NASDAQ:RUM) is a video-sharing platform and cloud services provider that operates primarily as an alternative to mainstream platforms like YouTube, focusing on a “cancel culture-free” environment. The company operates two main business segments: Rumble Services and Rumble Cloud.

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