Of course, because SMCI stock is a meme stock, the gains are amplified. As we saw with AMD, data center demand is soaring so the hardware needed for them will rise as well. The company introduced a new AI platform that customers are flocking to. Palantir Technologies was called the “best pure-play” in AI and also like AMD, should get its quarter’s worth out of this ride. Where once it was firmly just a government agency numbers cruncher, the big data outfit now is firmly ensconced in the commercial market. Revenue from the U.S. enterprise segment is rapidly rising, shooting 70% higher to $131 million last quarter.
Below, CNBC Select explains these types of investments, plus ifc markets review where you’re likely better off putting your money instead. There’s a good chance you have seen the term “meme stock” splashed across headlines before — even if you aren’t actively following business news. On the plus side, the company recently reported a net income of $25 million and adjusted EBITDA of $71 million with a healthy 12.2% margin. It ended the quarter with $789 million in cash and commitments to open 36 new screens over the next two years while peers outperformed. Management’s solid execution during a challenging environment impacted by strikes could trigger a rush by short sellers to cover their positions.
The company also sells kitchen utensils and products from cutting boards to measuring cups. The company, or the “consultants,” also sells cosmetics and travel container products. The company has seen declining sales and has pushed back its 10-K report, and received a non-compliance listing notice from the New York Stock Exchange on June 7, 2023.
The following three meme stocks are companies that shouldn’t be ignored. 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. The answer is tough because the environment that made meme stocks viable no longer exists. Stocks have gone parabolic since the beginning of public markets, but meme stocks existed during a very unique time. GameStop Corp going parabolic required a confluence of events that will be hard to replicate. In this article, we will review six stocks that could be the next big meme stocks leading the resurgence of the meme stock craze.
Lucid stock trading volume hits 5-month high; Buy signal or false alarm?
Mara Holdings is an example of the meme stock dynamic within the cryptocurrency sector. As a Bitcoin mining company, MARA’s stock price strongly correlates with the fluctuating value of Bitcoin. This inherent volatility, combined with heightened social media attention, firmly places MARA in the meme stock category. Empowered by online communities and user-friendly trading platforms, individual investors are showcasing their ability to significantly impact stock prices, thereby challenging traditional Wall Street practices. Indeed, just days after Gill’s online post, shares of both GameStop and AMC plummeted, with AMC falling 16% while GameStop gave up nearly half of its recent gains to fall 20%.
The meme stock phenomenon is far from over, and its ongoing influence will undoubtedly shape the future of market participation and investment approaches. Despite the earnings miss, analyst consensus remains a Buy, with a high average price target of $536.90, suggesting a considerable upside potential from current levels. However, recent analyst actions indicate some price target reductions, reflecting concerns about Bitcoin’s inherent volatility. In any case, I’d certainly recommend considering buying MSFT stock now . I’ve been interested in the shares for some time, and I may pull the trigger on it soon. Accordingly, for speculators looking for a top-tier meme stock on which to speculate, GameStop remains the king right now.
- 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.
- In this article, we will review six stocks that could be the next big meme stocks leading the resurgence of the meme stock craze.
- Perhaps the most famous in recent history was the WallStreetBets Reddit thread that encouraged people to buy GameStop and AMC Entertainment stock at the beginning of 2021.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- While financial advisors also tend to suggest buying and holding stocks, instead of trying to time the market, meme stocks are probably not buy-and-hold stocks, Tuttle says.
Mara Holdings: Bitcoin’s Volatile Ally
Technical and fundamental analysis has been applied to stock research for decades, and meme stock prices are influenced by many of the same factors as other volatile stock segments. These stocks attract retail traders because a small capital investment can yield a significant profit. On the other hand, penny stocks carry some of the highest short interest that can cause the price to move wildly in either direction. Similar to MARA, MSTR’s stock price is linked to Bitcoin’s performance, resulting in significant volatility.
Plan your trading
Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing. The stock was heavily shorted back in early 2021, which created the conditions for a short squeeze when retail investors piled into the stock, forcing institutions to buy back shares at a premium. It’s worth noting that this particular squeeze, at this time, was perhaps a unique event. While financial advisors also harami candle tend to suggest buying and holding stocks, instead of trying to time the market, meme stocks are probably not buy-and-hold stocks, Tuttle says.
Riot Platforms Inc.: A Direct Play on Bitcoin Mining
Although meme stocks “generate a lot of market engagement, which is ultimately a good thing … the volatility in these stocks is extreme,” JJ Kinahan, the CEO of IG North America, said to Reuters. Part of their appeal is that these stocks are often perceived as underdogs, but there is “little connection between a company’s meme stock status and its actual performance.” Here is a list of six stocks that may usher in the next meme stock frenzy or just short squeeze by themselves. While everyone wants to know, “What is the next meme stock to surge?” it’s important to know what happens to most meme stocks. These gains have collectively contributed to a staggering addition of over $10 billion in market capitalization for meme stocks today alone. Over the past three weeks, these stocks’ cumulative market cap increase has reached nearly $25 billion.
Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs. Try a risk-free trade in your demo account, and see whether you’re on to something. Traders need to monitor company data closely to know when to start selling these assets to enjoy profits or minimize losses. There will likely be a lot of new innovations and free education offered to consumers, developers, and companies alike, along with the announcement of the next generation of powerful video gaming GPUs. Movie studios were either postponing the release of anticipated blockbuster movies or delivering them directly to streaming platforms at the height of the pandemic. That’s fantastic news for AMC, which hasn’t yet surpassed 2019 levels of revenue in any quarter since the outbreak, despite being on the mend.
- Meme stocks must have a high short interest to spark a short squeeze.
- The following ten tickers are some of the top trending shares on Reddit, cross-referenced through YOLO Stocks, Meme Tracker, and Quiver.
- Part of their appeal is that these stocks are often perceived as underdogs, but there is “little connection between a company’s meme stock status and its actual performance.”
- While its value in the stock market had already gone down, AMC appears to be in a much better position to remain profitable for 2022 and beyond.
- Intel is another semiconductor titan, manufacturing chips for clients all over the world.
Note these may not be the best investments, and each data provider calculates trending shares using different methods. Read along to find out our answers to the most commonly asked questions about meme stocks. Keep in mind that these types of stocks are volatile and so you might want to explore other more stable securities to offset potential losses if your meme stock goes south. First, it is one of the pivotal tech players in the video gaming industry, which has the potential to generate a CAGR of nearly 15% by 2026, according to Market Research Future. Via its DGX systems, NVIDIA is also penetrating the artificial intelligence (AI) markets. During this period, its stock shares skyrocketed 12%, and it’s seen a 100% overall increase in share price over the last six months.
Investment vehicles
On February 27, 2025, MSTR closed at $240.05, marking forex trading 24 hours a substantial 8.82% decline, coinciding with a downturn in Bitcoin prices. Its 52-week range of $91.55 to $543.00 vividly illustrates the extreme price fluctuations investors can expect. Strategy’s Q earnings revealed a net loss of 670.8 million, or 3.03 per share, missing analyst estimates.
Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. The best meme stocks to buy are usually beaten-down companies with a small market cap and a high percentage of shares sold short. Look at stats like volume, short interest and short-term moving averages to locate good meme stock candidates. You should familiarise yourself with these risks before trading on margin.