Trump Media pivots to fusion energy and shares surge more than 25%

Trump Media ($DJT) announced a merger with TAE Technologies, a fusion power company worth over $6 billion. This move led to an immediate market reaction, with DJT shares rising about 28% in pre-market trading, now at approximately $13.41. The merger aims to leverage Trump's influence for government contracts in fusion technology. It's a significant shift from social media to energy utilities, wishing to establish a narrative around speculation in clean energy and AI. The deal is an all-stock merger expected to close by mid-2026. Trump Media is committing cash upfront and maintaining key leadership roles in the new entity. The stock experienced a substantial gap up to a high of $14.71 before correcting back to the $13 range. The previously important resistance level at $10.40 is now termed as major support. The new developments present intriguing possibilities for traders at market open.