Newsmax's stock surge sent its market capitalization to nearly $30 billion — meaning the company is now more valuable than many of its media peers, including Trump Media and even Fox Corp. Retail investors have rushed into Newsmax on tailwinds of President Donald Trump's return to the White House.

Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

Newsmax made a wild debut in the stock market. Shares of the media company surged 735% to $83.51 a share. Trading was halted multiple times during the session due to volatility. Newsmax, trading under the symbol NMAX,

Newsmax, the cable news network which saw a huge pop in its debut day on the New York Stock Exchange, continued to advance in premarket trades on Tuesday. Newsmax shares jumped 24% to $103.95, having surged to $83.

The media holding company, which operates the Newsmax cable news channel, listed 7.5 million shares at a price of $10 each on the New York Stock Exchange on Monday, making for a $75 million IPO. The company also raised $225 million during a private preferred offering in February.

Asian shares were mostly falling Wednesday, shaken by jitters over what President Donald Trump will announce about tariffs on what he referred to as “Liberation Day." Japan's benchmark Nikkei 225 recouped early losses and was down less than 0.

President Donald Trump’s “Liberation Day” is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance

President Donald Trump’s fast-approaching “Liberation Day” sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.

Markets around the world continue to sink on fears about President Donald Trump's protectionist trade policies, and investors keep plowing money into gold, with futures hitting another record high.

Such neck-twisting swings have become routine for the U.S. stock market recently because of uncertainty about what Trump will do with tariffs.

President Donald Trump’s “Liberation Day” is fast approaching, and stock markets around the world are tumbling in advance of it