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

Group 1 - Trump Media and Technology Group (TMTG) stock increased by over 35% following the announcement of a merger with TAE Technologies, highlighting a strategic investment in fusion energy to meet the growing energy demands of AI and data centers [1][6] - The merger is valued at more than $6 billion and represents a significant investment in fusion technology, which is carbon-free and generates less radioactive waste compared to traditional nuclear power [2] - The deal includes an immediate cash infusion of $200 million to kickstart the construction of TAE's first utility-scale fusion power plant, expected to be operational by 2026 [3] Group 2 - Upon completion of the merger, TMTG will act as the holding company for various entities, including Truth Social and TAE Technologies, with shareholders from both companies owning approximately 50% of the new entity [3][4] - The focus on energy independence and dominance has been a key aspect of the current administration's policies, with the Department of Energy prioritizing investments in fusion energy as part of its modernization roadmap [5] - Wall Street strategists have identified energy supply as a critical challenge for AI and data center operations, leading major tech companies to secure direct agreements with power providers to address their energy needs [6]