Shares of Trump Media & Technology Group (DJT) experienced a significant surge of 5.08% on Wednesday during the trading session. This price movement can be attributed to growing investor optimism surrounding President-elect Donald Trump's upcoming inauguration and his announced plans for a new government department.

According to reports, the world's three richest tech titans - Elon Musk, Jeff Bezos, and Mark Zuckerberg - are set to attend Trump's inauguration next week. Their presence at the event could be seen as a sign of support for the incoming administration, boosting confidence among investors in Trump-related companies like DJT.

Additionally, Trump announced plans to create a new department called the "External Revenue Service" to collect tariffs, duties, and revenue from foreign sources. This move aligns with his campaign promises to impose tariffs on major trading partners like Canada, Mexico, and China. The potential for increased revenue through tariffs could be viewed positively by investors for DJT, a company closely linked to Trump's policies and administration.