RUM Group shares are trading lower after the company announced its plan to increase its stake in Northern Data to 98% at 2.0281 RUM shares per Northern Data share and will commence a squeeze-out of remaining minority shareholders.

Shares of communications services are trading higher after AI executives from firms including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may limit competition in content creation, advertising sales and other areas. The sector's cash flow from ads and subscription revenue may also be attractive to investors amid elevated bond yields, inflation fears and interest rate expectations.

Crude Oil Jumps 3%; Corning Shares Move Lower

U.S. stocks fell Monday as tech slid; Nvidia may invest $10B in Anthropic’s IPO. Oil rose 3%, while gold, silver and copper declined.

Elmet Group, Rum Group, Tyra Biosciences And Other Big Stocks Moving Higher On Monday

Nasdaq fell 1%, while Elmet surged 50.6% on $450M DoD funding plans; Rum, SailPoint, Tyra and cybersecurity stocks also rallied.

Anthropic Is Reportedly RUM’s $13.7 Billion Mystery Customer

RUM Group (NASDAQ: RUM) jumped 11% premarket after reports revealed Anthropic as the customer behind its $13.7B GPU services contract.