Reported about 16 hours ago
Trump Media & Technology Group's stock soared by over 12% following an appearance by Elon Musk at a rally for Donald Trump. Musk's support and the subsequent meme momentum seem to have energized interest in the stock, despite the company's uncertain financial outlook and ongoing struggles with revenue generation. While investors should be cautious given the company's high valuation and low sales, the hype around Musk's endorsement has temporarily boosted stock prices.
Source: YAHOO