Trump Media & Technology Group (NASDAQ: DJT) saw its stock surge 8.58% in a 24-hour period, driven by a combination of international expansion and positive political news. The company, closely associated with former President Donald Trump, continues to attract investor attention with its recent developments.

The rally was initially sparked by the announcement that Truth+ TV streaming apps are now available in Canada and Mexico. This international expansion marks a significant milestone for the company as it seeks to broaden its user base beyond the United States. TMTG CEO and Chairman Devin Nunes expressed enthusiasm about the move, stating, "Truth Social and Truth+ are now fully open for business in Canada and Mexico. We hope our northern and southern neighbors will enjoy a refuge from Big Tech corporations, monotonous news channels, and woke TV shows and movies."

Adding fuel to the stock's upward momentum, former President Trump announced a 90-day delay on tariffs for some countries via Truth Social, the social media platform owned by Trump Media. This news was well-received by investors, as it potentially signals a more favorable business environment. Additionally, pre-earnings options activity in Trump Media stock showed heightened interest, with options volume 1.8 times the normal level and calls leading puts 19:6. The implied volatility suggests that the market is anticipating significant movement in the stock price following the upcoming earnings report. Further contributing to the bullish sentiment, Trump himself posted on Truth Social, saying, "THIS IS A GREAT TIME TO BUY!!! DJT," which likely encouraged his supporters to invest in the stock.