Trump Media & Technology Group Corp (NASDAQ:DJT) shares surged over 21% after hours on Monday, with conservative video platform Rumble Inc (NASDAQ:RUM) climbing nearly 15% in tandem, as investors showed confidence in Donald Trump’s election chances following his controversial Madison Square Garden rally.
Shares in the Truth Social platform now sit at their highest level since June, up roughly 240% from September lows.
Phunware, another Trump-linked stock, saw early gains before ending the day flat.
Trump Media has seen renewed interest as polls in key battleground states show a close race with Democratic candidate, Vice President Kamala Harris.
Analysts caution that DJT’s performance remains tied to Trump’s election prospects, with some predicting a sharp drop if he loses.