Trump Media and Technology (DJT) defied reality when the stock traded below $13 on Sept. 24, 2024. This morning, it will open at around $34.65.
DJT stock moves with the polls. When Trump’s popularity rises, so does the stock. Bears are no longer betting aggressively against DJT, with short interest at 5.87%.
On October 22, the firm said that it launched an app for the Truth+ streaming platform. Android TV users may download the program from the Google Play store.
In the technology sector, Intel (INTC) is at a high risk of breaking below its $19.00 to $22.50 trading range. The company revealed Arrow Lake, also known as the Intel Core Ultra 200 series. Ahead of the launch, the company admitted that the newest chip could underperform by 5% compared to the current generation chips.
Motherboard makers already launched premium-level products to support Arrow Lake. At over $1,000, consumers are likely to wait and see if the upgrade is worthwhile. To take Intel’s spotlight, AMD (AMD) is rumored to launch the 9800X3D.
When AMD launched its 9000 series, the poor increase in performance led consumers to buy the 7800X3D instead. This resulted in the chip price rising by over 15%.
In the automotive sector, watch Ford Motor (F). The stock might rise thanks to General Motors (GM) rallying. However, Ford’s frequent recalls and expensive warranty costs will limit any long-term upside.
