Trump Media and Technology Group (DJT) stock rises 41% after merger with fusion power firm TAE Technologies (TATE.PVT). Google, Goldman Sachs, and Chevron back TAE. $6B deal focuses on future of fusion tech, which is carbon-free and generates less radioactive waste. Construction on first fusion power plant expected in 2026.

TMTG and TAE shareholders to own 50% each of combined entity. TMTG, majority owned by Trump’s trust, to hold Truth Social and TAE. Energy independence focus of Trump admin. DOE announced fusion roadmap, prioritizing modernizing energy infrastructure. Wall Street sees energy as bottleneck for AI and data centers.

Hyperscalers sign deals with power companies to meet AI electricity demands. Energy Secretary Chris Wright highlights DOE investments in fusion energy. Ines Ferre is senior business reporter for Yahoo Finance. Follow her on Twitter @ines_ferre. Stay updated on cryptocurrency news and financial updates from Yahoo Finance.

Read more at Yahoo Finance: Trump Media stock surges more than 40% on surprise merger with power firm TAE