Donald Trump concept stocks surged for two consecutive days! With less than a week until the US election day, is the market betting on Trump's victory?

Following a more than 21% surge on Monday, the media companies main held by Donald Trump $Trump Media & Technology (DJT.US)$ On Tuesday, the trend of sharp rise continued, triggering five temporary suspensions for trading halt during the day.

By the close, DJT's stock price rose by 8.76% from $47.36 to $51.51, reaching a five-month high. The intraday stock price reached as high as $54.68, with a daily trading volume of 0.167 billion shares, surpassing a market value of over 10 billion dollars, comparable to Musk's X platform.

As the US election day approaches, the uncertainty of the election intensifies. DJT's stock price has risen by a total of 220% since the beginning of this month, marking the largest monthly gain in three years.

Analysts say that considering DJT has almost no profits at the performance level, its stock price trend has nothing to do with the company's fundamentals. The reason for the surge is that investors are betting on Trump winning next week's election, especially retail investors.

The reason for the sharp rise in DJT's stock price on Monday may be due to Donald Trump's campaign speech at Madison Square Garden in New York last Sunday, further boosting market sentiment.

According to data from RealClearPolitics, Donald Trump has a clear lead in the gambling market, with an average winning probability of 63% on a series of websites; the latest average polling data on the website also shows that Trump has 48.5% voter support, while Harris has 48.4% support.

Editor / jayden