Why These 10 Small-Cap Stocks Are Skyrocketing

7. Rumble Inc. (NASDAQ:RUM)

30-day Return as of January 16, 2024: 26%

On January 16, RUM registered a 26% increase in its share price, reaching $10.88 apiece, up from $8.64 on December 16, 2024.

Rumble Inc. (NASDAQ:RUM) is a video-sharing and cloud services provider that recently received a $775 million investment from Tether, one of the largest companies in the digital assets industry. The immediate $250 million in cash will help fuel RUM’s growth initiatives, improving the company’s liquidity situation immensely.

On January 15, analyst firm Maxim initiated a buy rating on the stock with a price target of $20. The company’s stock price primarily jumped after it received an investment from Tether. However, that’s not all, RUM’s strategic partnerships followed by a ban on TikTok in the United States, may also fuel demand for the video-sharing platform.