Trump Media & Technology Group (DJT) surged 5.11% in pre-market trading Friday, following the announcement of a $6 billion all-stock merger with nuclear fusion company TAE Technologies. The deal, unveiled Thursday, has reignited investor interest in the social media firm, which is expanding into the energy sector.
The merger aims to combine TAE's fusion technology expertise with Trump Media's capital access, targeting the growing demand for clean energy to power AI infrastructure. The companies plan to build utility-scale fusion power plants, with the first expected to generate power by 2031. This strategic pivot has been met with enthusiasm, as evidenced by DJT's 42% surge during Thursday's regular session.
Analysts note the deal positions Trump Media as a potential leader in the fusion energy space, though some caution remains given the unproven commercial viability of the technology. Investors are betting on the combined company's ability to capitalize on government support for fusion research and the AI-driven energy boom.
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