Trump Media stock surges more than 30% on surprise merger with power firm TAE

Trump Media and Technology Group (DJT) stock surged more than 35% on Thursday after the parent company of Truth Social announced a merger with fusion power firm TAE Technologies (TATE.PVT). The deal underscores a bet on the energy demands from AI and data centers and the technologies that could prevail. TAE's backers include tech giant Google (GOOG, GOOGL), Goldman Sachs (GS), and oil major Chevron (CVX). The agreement, valued at more than $6 billion, is a bet on the future of fusion, a type of nuclear ...