Why Trump Media Stock Is Surging Today

Trump Media (NASDAQ: DJT) stock is posting big gains in Tuesday's trading. The company's share price was up 5.9% as of 2:30 p.m. ET and had been up as much as 14.1% earlier in the daily session.

Trump Media stock surges on ETF news

Trump Media is getting a valuation boost following big news about its push into the financial products space. The company announced that it will be partnering with Crypto.com to launch exchange-traded funds (ETFs).

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Last month, Trump Media announced the launch of Truth.Fi -- its new finance brand focused on offering ETFs and other financial products. With the company's announcement of its partnership with Crypto.com today, it's become clear that these financial product launches are on the near horizon.

Trump Media and Crypto.com are teaming up to offer new ETFs built around cryptocurrencies and stocks with a "Made in America" focus. The first of these financial products are expected to launch this year and will be sold under the Truth.Fi brand on the Crypto.com platform. Investors seem to like the news.

What's next for Trump Media?

The launch of Truth.Fi and push into the financial products industry could represent a dramatic change of course for Trump Media. The company's business has mostly revolved around its social media platform Truth Social up to this point, but it looks like that may be changing. That could be a good thing.

With the platform sporting a relatively small user base and monetizing at weak levels, Truth Social has not been a big success so far. Despite weak performance for the platform, Trump Media has been able to sustain a highly growth-dependent valuation. It's not clear whether the Truth.Fi unit will wind up being successful for the company, but it at least provides another potential growth driver.

Should you invest $1,000 in Trump Media & Technology Group right now?

Before you buy stock in Trump Media & Technology Group, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $744,133!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of March 24, 2025

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.