Truth Social parent Trump Media & Technology Group Corp (NASDAQ:DJT) stock maintains its upward trajectory as President Joe Biden's two significant gaffes within two hours intensified worries about his mental sharpness, potentially jeopardizing his campaign.
Biden mistakenly called Vice President Kamala Harris "Vice President Trump" during his solo press conference in Washington on Thursday.
This error occurred while addressing the opening question, leading to Trump mocking Biden, CNBC reports.
Former President Donald Trump and his campaign posted multiple clips of Biden's blunders on Truth Social.
The press conference aimed to show Biden's ability to handle tough questions but failed to alleviate Democrats' concerns about his health, which have been growing since his poor debate performance against Trump on June 27.
Shortly after the conference, Rep. Jim Himes and Rep. Scott Peters called for Biden to withdraw from the 2024 race, citing concerns about his ability to win.
Throughout the event, Biden made several other errors, including calling his chief of staff "my commander in chief" and confusing Ukraine's President Volodymyr Zelenskyy with "President Putin" during a NATO event.
Despite these blunders, Biden insisted he remains the best candidate to defeat Trump. He conceded he might consider exiting the race if advised he has no chance of winning.
Trump is a majority shareholder of Trump Media & Technology Group. Trump has not spared a single occasion to pitch himself as the most potential Presidential candidate, something that gained traction from his recent debate with Biden.
Trump Media & Technology Group stock gained 129% in the last 12 months. Experts often compare Trump Media & Technology Group to meme stocks such as GameStop Corp (NYSE:GME).
Price Action: DJT shares were trading higher by 2.28% to $30.54 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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