Trump Media’s stock soars on $6B nuclear fusion deal | DJT

Trump Media & Technology Group announced a $6 billion merger with TAE Technologies, boosting DJT stock. TAE, backed by Google, Chevron, and Goldman Sachs, focuses on fusion reactors for clean energy. The merger aligns with rising electricity demand from AI data centers and renewed support for nuclear energy, impacting energy, AI infrastructure, and public markets.

Trump Media Soars 34%, Tech Stocks Rally As Inflation Drops: What's Moving Markets Thursday?

Trump Media & Technology Group stock surged 34% following a $6 billion merger announcement with TAE Technologies. Tech stocks rallied as inflation cooled, with the Consumer Price Index rising 2.7% year-over-year, below expectations. Micron Technology soared 13% after a strong earnings report, boosting semiconductor optimism. Major indices rose, led by Nasdaq's 2.2% gain. Treasury yields fell, while oil and gold prices edged higher. Cryptocurrencies saw modest gains.

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks showed mixed performance with XLP down 0.2% and XLY up 2%. Darden Restaurants raised its full-year revenue guidance, boosting shares by 0.6%. Trump Media & Technology announced a merger with TAE Technologies in a $6 billion all-stock deal, causing a 40% surge in its shares. Elliott Investment Management acquired a $1 billion stake in Lululemon Athletica, leading to a 5% rise in its shares.

Shares of energy and nuclear stocks are trading higher, possibly in response to Trump Media & Technology Group's announcement that it will merge with TAE Technologies. The industry may be moving amid overall market strength following softer-than-expected November CPI data.

Trump Media & Technology Group to Merge with TAE Technologies in $6 Billion Deal

Trump Media & Technology Group Corp. and TAE Technologies, Inc. have agreed to merge in an all-stock transaction valued at over $6 billion. The merger will combine Trump Media's digital platforms with TAE's fusion power technology, aiming to construct a utility-scale fusion power plant by 2026. Leadership will be shared between Nunes and Binderbauer, with Schwab expected as board chair. The deal is set to close in mid-2026, pending customary conditions.