Shares of Trump Media & Technology rose on Election Day as traders speculated that a Trump victory could boost the company’s business. The stock is seen as a proxy for Trump’s 2024 presidential chances. Trump Media’s stock has nearly doubled in 2024 but plummeted 33% over the past week amid Vice President Kamala Harris’s recent momentum. On Monday, DJT shares surged 12%. Jay Woods of Freedom Capital Markets described trading DJT as GameStop on steroids, cautioning about its long-term metrics. With strong interest from retail investors, the stock remains popular on Reddit’s WallStreetBets.