Rivian has had hiccups scaling its R1T electric truck production, but it’s making progress.
Meme stocks are “shares of a company that have gained viral popularity due to heightened social sentiment,” said Investopedia. If you’re an investor looking for a longer-term holding (think years rather than days, weeks, or months), there are some important factors to consider before buying a meme stock. Some business fundamentals and economic trends can go a long way toward balancing out what can be fleeting social media trends or hopes of a short-term short squeeze. Now in year four of the movement, new meme stocks are being created all the time as individual investors look for new ways to beat the stock market. Here are five to do some more digging on (beyond arguably the two most famous meme stocks — video game retailer GameStop (GME 6.15%) and the world’s largest movie theater chain AMC (AMC 23.92%). Peanut the Squirrel is one of the few popular meme coins that returned over 100% within the last seven days, outperforming the global crypto market, as well as the meme coin market.
However, none of them have a bigger name than Tilray and that matters. AMD has seen its stock rise by 50% over the last 6 weeks as news about the MI300 GPU reverberates across Wall Street. It’s going to ship the chips in 2024 and it already appears that demand will be significant. Leading firms have expressed their desire to buy the MI300 GPU as a replacement for Nvidia’s h100 chip.
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- After a poor start to the year, including job cuts, production falls, and weakening profit, the company has announced it will be releasing new models sooner than expected which could boost the bottom line.
- We’ll briefly go over the most common, and important words of this newspeak.
- Pamela is a firm believer in financial education and closing the generational wealth gap.
- Fartcoin FARTCOIN/USD is leading the latest meme coin charge, surging 18% in 24 hours, as traders eye a run to $2 in the near term.
Sales of Tesla vehicles have plunged around the world, as Musk’s embrace of far-right politics alienates the company’s progressive customer base. With reports of ketamine use casting a shadow, Musk’s pivot from leadership to spectacle is exacting a toll on the company. Meanwhile, in the public’s perception, Tesla CEO Elon Musk has gone from “visionary” to “megalomaniac” in record time. His erratic behavior, crypto shilling, and political grandstanding have made Tesla a toxic brand.
This sharp decline, paired with its high short interest, positions QUBT as a prime candidate for meme stock status in 2025. The company’s advancements in quantum technology and its focus on practical applications could spark interest if positive catalysts emerge. Whether through a breakthrough announcement, increased institutional interest, or social media-driven momentum, QUBT has the volatility and narrative potential to capture attention in the meme stock space.
- The best meme stocks to buy are usually beaten-down companies with a small market cap and a high percentage of shares sold short.
- Enter your email address and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
- The community is vital in decision-making, with proposals actively voted on.
- A member of the hot 2020 IPO stock class, Palantir quickly gained a large investor following after making its public debut.
- Stay up to date on all meme stocks with Benzinga Pro, your go-to stock market research platform with real-time news and actionable insights.
Super Micro Computer is one of the most important companies in the What is NASDAQ world of high-performance computing. The S&P 500 is not a stock — it’s the most popular index in the world, tracking the 500 largest companies listed in the United States by market capitalisation. Over the past couple of years, users have become more fragmented across different platforms as other social media sites such as Telegram and Twitter have become more involved in the investment space. New websites have also emerged that enable users to monitor activity on social media without having to access the site. Meme stocks are back in fashion as we head into 2025 (or maybe they never left). With volatile assets like tech stocks and cryptocurrencies getting significant boosts since the conclusion of the US presidential election, the trend points toward investor risk appetites once again growing hungry.
Identifying long-term meme stocks
For this reason, they can be dangerous and are only worth holding if you get in at a good price and things are fundamentally improving. It connects borrowers with lenders, including more than 60 banks and credit unions, to find the right match. The company claims that deriving a credit score is more accurate, reduces lenders’ default risk, and provides borrowers with faster and more personalized loans. UPST reached a high of $401.49 in October 2021 and fell to a low of $11.93 in May 2023. UPST shares are up over 430% in 2023, propelled by its 37.44% short interest.
He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other news. Justin has also freelanced for outlets including Collider and United Press International. IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. It works as a middleman, allowing you to link your bank details to your PayPal account, which makes spending and receiving money significantly easier than having to type in card details every time.
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The Future of Meme Stocks 🗓
This immense short squeeze caused several hedge funds to go bankrupt and helped quite a few people settle their loans. Michael Burry, the author of the Big Short, rather eloquently explains his reasoning behind betting against the hollow mainstream, and his thinking regarding modern GME meme stocks. Furthermore, associating certain stocks with certain ideas and emotions is very important. A small startup needs the public to feel like it has a lot of potential in order to raise enough funds, grow, and succeed. A well-established behemoth like Coca-Cola benefits from being seen as a blue-chip stock—nobody expects to make heaps of money from investing in a company like that, but everyone is sure they will not lose what they have. However, it’s worth noting that every meme stock mentioned in this article has sometimes fallen over 90% from its highs.
That same month, Tupperware was delisted from the NYSE and it’s now trading over-the-counter (OTC) as a penny stock. That being said, with all the absurdity of many of these tokens it is interesting to see that it also represents a democratization of a sort. The more traditional art market shares many of the oddities of NFTs and it is somewhat interesting to see it finally released to the general public and mimicked in the open. A more modern example of trickle-down stocks-related memes comes in the form of Elon Musk.
Which Meme Stocks Predate GameStop? 🕰
Meme stocks are for thrill-seekers who oftentimes won’t profit from their investments in them. If you are such a person and can afford to risk losing money, then you may want to try investing in this type of stock. But if you want to invest more conservatively, steer clear of flash-in-the-pan meme stocks. When online investors understood the short positions against GameStop, people took it on as a Robin Hood-like adventure (often using the trading app Robinhood to do so).
Crypto trader CRG emphasized Fartcoin’s organic growth, noting its lack of a formal team, no supply control, no marketing spends, and still no Tier-1 exchange listings. Kook Capital called for a breakout from a multi-week range, with new all-time highs imminent. Regardless, AMD has emerged over the last month and a half as arguably the best artificial intelligence stock heading into 2024. However, some chinks Action airbus have emerged in Nvidia’s armor with the release of AMD’s mi300 accelerator GPUs. Those strong results allowed the company to increase its total guidance for fiscal year 2023.
A survey by Pew Research indicated that most Americans support the legalization of medicinal and recreational cannabis. By the end of the year, the target is to boost the hash rate capacity to 31.5 EH/s. With ambitious growth plans and strong fundamentals, RIOT stock will likely skyrocket. Despite huge volatility, Q saw Carvana generate record net income of $49 million, record adjusted EBITDA of $235 million, and a record adjusted EBITDA Margin of 7.7%, higher than all other US publicly traded auto retailers. The following ten tickers are some of the top trending shares on Reddit, cross-referenced through YOLO Stocks, Meme Tracker, and Quiver.
The supply chain disruption during the pandemic also impacted operations. The company has not profited in its operating history since its launch questrade forex in 2009. The rally in the stock market in 2023 may set the stage for another meme stock rally. While everyone is searching for how to find the next meme stock, we have a list of six that could be the ones. The higher the price of GME rose, the more that shorts would chase it to buy and cover their short positions. Additionally, forced margin calls would automatically trigger short covering surges of buying pressure.
On November 22, 2022, Morgan Stanley analyst Adam Jonas warned that CVNA could be a $1 stock due to the deteriorating car market and high interest rates. GameStop was unique because it had a 140% short interest, which is only possible through extensive naked shorting. That was the fuse triggering the short squeeze, which then took on a life of its own as it moved higher. Even GameStop can’t be the next GameStop stock with just a 16.95% short interest repeating what happened at the dawn of the meme stock bubble. The next GameStop stock will have to have more than a 100% short interest. For a trader, charts provide insight into the timing of entry or exit.