Rumble’s $13.7B Mystery Buyer

Welcome to LazyListen. This is The Daily Rip for today. I.

leaders urging a slowdown in model development. This caution came amid a busy week ahead, including the Federal Reserve’s rate decision and rising Middle East tensions that pushed oil above 100 dollars a barrel. The 10-year Treasury yield held near five percent, signaling that the Fed’s target rate still has room to rise.

Amid a broad tech selloff, cybersecurity stocks bucked the trend, rallying sharply. I. agents will boost demand for digital “guardrails” and kill switches.

This surge reflects a market pivot toward companies offering safety and control in an increasingly automated world. Now, the standout stories. I.

7 billion dollars compute contract customer: Anthropic. The six-year deal includes multiple tranches, with final delivery contingent on customer approval. Anthropic also secured warrants for nearly 51 million shares at a penny each, sweetening the arrangement.

Rumble’s stock jumped over eleven percent on heavy volume, signaling investor enthusiasm despite broader tech weakness. Meanwhile, Corning faced pressure after announcing a 2 billion dollars at-the-market stock offering. -induced selloff in data center supply chains.

This setback follows a strong run that lifted shares over sixty percent this year. S. Department of Defense committed 450 million dollars to expand domestic tungsten manufacturing and allied mining.

Elmet also secured a contract to supply tungsten to the National Defense Stockpile, with a potential ceiling of 2 billion dollars. The government’s investment includes preferred equity, warrants, and board representation, signaling a strategic partnership and strong investor approval. I.

safety debate sparked a clear trade. After Anthropic’s CEO warned that autonomous agents could dominate the internet within a year, stocks like CrowdStrike, Palo Alto Networks, and Zscaler soared between 13 and fifteen percent. I.

heavyweights like Sam Altman and Elon Musk, who, despite their rivalry, agreed on the need for caution. I. slowdown narrative.

I. development won’t slow, protections—permissions, traceability, and kill switches—must accelerate. I.

safety solutions amid rapid technological advances. I. 7 billion dollars in cash.

It also faces six hundred sixty five billion dollars in compute commitments through 2030. Anthropic claims a 65 billion dollars annual revenue run rate this year with an eighty percent gross margin, though that excludes significant costs like payroll and model training. Estimates suggest training alone could consume seventy percent of revenue, pointing to massive operating expenses.

Neither company has released full public financials, leaving investors to value them on limited data and lofty multiples. I. in advertising, pulling in nearly 60 billion dollars last quarter.

-powered app, Muse, quickly climbed into the top 10 app store rankings, offering everyday users free tools for messaging, images, and video creation. I. models catering to niche professional markets.

Chinese players also weigh in. I. I.

1 billion dollars in revenue with 830 million dollars in adjusted profit. I. firm, reported modest revenue but boasts an impressive eighty three percent API gross margin and offers services at a fraction of competitors’ costs.

I. labs. I.

intelligence remains scarce and costly. Companies like OpenAI and Anthropic need to maintain that edge but face competition from tech giants and low-cost challengers. I.

I. deployment. On the broader market front, Bank of America slipped over five percent after its CEO forecasted flat trading revenue for the third quarter, disappointing investors expecting stronger capital markets momentum.

I. hardware selloff. I.

slowdown that could hurt power demand. On the upside, Coinbase jumped nearly ten percent as renewed optimism around the Clarity Act’s Senate vote revived hopes for clearer crypto regulation. An upgrade from Compass Point also boosted sentiment, lifting the target price significantly.

m. Eastern. Investors will parse every word for clues on the future path of interest rates.

Earnings from smaller names like Castor Maritime and Forgent Power Solutions will draw some attention, but the macro narrative remains dominant. I. cautionary signals, a flight to cybersecurity safety plays, government support for strategic materials, and a mixed bag of sector moves reflecting ongoing uncertainty.

The Fed’s upcoming decision and geopolitical risks will keep traders on edge as the week unfolds. Thanks for listening. Catch you next time on LazyListen.