What's Going On With Trump Media & Technology Group Stock On Monday?

Trump Media & Technology Group DJT is seeing a massive rally despite its lack of financial fundamentals.

For now, CNN reports that Donald Trump’s stake in the company and his pledge not to sell shares continue to fuel the rally, reflecting the stock’s unique nature as a political proxy on Wall Street. It behaves like a classic meme stock driven by hype.

The company, which owns the social media platform Truth Social, has a low revenue stream and limited market presence.

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Yet, its valuation recently soared to $9 billion—more than tripling within five weeks. This surge is primarily fueled by investor bets on Trump’s potential return to the White House.

Since hitting record lows in late September, Trump Media’s stock has skyrocketed over 200%.

This rapid rise is based on something other than business performance: speculation that a Trump election victory would transform Truth Social into a dominant communication platform, potentially boosting its market value.

Market analysts, including Gene Munster of Deepwater Asset Management, emphasize to CNN that Trump Media’s worth is “almost entirely based on the election outcome.”

They suggest a Trump win would further boost the stock, while a loss could send it plummeting.

Trump’s aggressive fiscal proposals include expanded tax breaks, which analysts estimate could add $7.5 trillion to the national debt over a decade, Reuters reports.

In contrast, a Kamala Harris administration would likely maintain multilateral cooperation and more moderate debt increases, continuing President Joe Biden’s approach to climate action and targeted tariffs. With rising interest in “Trump trades,” such as dollar-denominated assets and bitcoin, global markets anticipate a Trump win.

Price Action: DJT stock is up 20.10% to $46.78 at the last check on Monday.

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