Trump Media Stock Soars Despite Meager Fundamentals, Fueled by Politics and Speculation

Jim Cramer warns that Trump Media & Technology Group stock (DJT) is "overvalued" and detached from fundamentals, operating more like a "meme stock"
DJT has attracted attention that goes beyond traditional financial metrics, mixing political allegiance and speculative interest
Despite a $9.84 billion market cap, DJT reported only $3.4 million in revenue amid $49 million in losses over 9 months
DJT's high volatility is fueled by substantial retail investor interest tied to Trump support and election outcomes
Trump owns 58% of DJT, representing a $5.7 billion windfall, but faces constraints on selling for 6 months absent board approval