CryptoCurrency
DJT Stock Rises More Than 30%, on Pace for Biggest Gain This Year
Trump Media & Technology (DJT) shares jumped more than 30% Thursday after the president’s social-media company agreed to merge with fusion-power company TAE Technologies.
After news of the all-stock deal came out, DJT shares jumped 34% and set the stock up for its biggest one-day gain since March 2024, when it was converting from Digital World Acquisition Corp. to Trump Media & Technology as part of an earlier merger.
The merger announced Thursday is valued at $6 billion and seeks to capitalize on the artificial-intelligence boom’s growing power requirements. The deal values each share of TAE stock at $53.89, but TAE is privately held, making the total value of its portion of the deal unclear.
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