Why Trump Media and Technology Group Corp. (DJT) Went Up On Tuesday?

We recently published a list of Pulse of The Market: Tuesday’s 10 Top Performers. In this article, we are going to take a look at where Trump Media and Technology Group Corp. (NASDAQ:DJT) stands against other Tuesday’s top performers.

A lackluster trading persisted on the stock market on Tuesday, with all major indices finishing in the green territory, but eked out only slight gains.

The tech-heavy Nasdaq rallied the most, up 0.46 percent, followed by the S&P 500 with 0.16 percent, and the Dow Jones with a marginal 0.01 percent.

Despite the muted trading, investors poured funds into several companies, pushing their prices to achieve modest gains. In this article, we listed the 10 top performers today and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Trump Media and Technology Group Corp. (NASDAQ:DJT)

Trump Media rose for a third straight day on Tuesday, adding 8.85 percent to finish at $22.87 each as investor sentiment was further boosted by its sealed partnership with crypto.com to offer ETFs.

According to DJT, the ETFs are expected to be launched later this year, pending regulatory approval. They will include digital assets and securities with a “Made in America” focus across various industries, including energy.

The ETFs will be offered through Crypto’s broker-dealer Foris Capital and will be available internationally, including in the US, Europe, and Asia across existing platforms and brokerages.

“We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing,” said DJT CEO Devin Nunes. “Investors will finally have options that adhere to their principles and that support superior US companies precisely focused on their core businesses.”

Overall, DJT ranks 1st on our list of Tuesday’s top performers. While we acknowledge the potential of DJT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as DJT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.