A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. As a senior writer at AOL’s DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. GameStop’s potential Bitcoin investment remains uncertain, but the stock’s volatility highlights the continued influence of crypto speculation on financial markets. The potential shift into crypto comes after years of speculation that the company might integrate digital assets into its strategy. As I mentioned before, this list of potentially massive Reddit stocks for 2022 is simply a giant guess.
- Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
- However, you should note that since the COVID-19 pandemic began the shares have decreased by 2.2%.
- It had reason to be worried because barely a week after the unexplained surge, the share price plummeted from $9.79 to $6.55.
- The company was founded in 1990 by MIT professor Dr. Rodney Brooks and engineer Helen Greiner.
- Despite the uncertainty, the stock jumped as much as 20% in extended trading as speculators reacted to the news.
The launch of its 84-qubit Ankaa-3 system is a big step forward. This new quantum computer features a redesigned architecture, halved error rates, and impressive gate fidelities — 99% for iSWAP gates and 99.5% for fSim gates. Just like GameStop grabbed headlines in 2021, Rigetti’s journey — from $0.66 in September 2024 to a record high of $21.42 in January 2025 — has been nothing short of dramatic. This surge pushed its market value to $5.6 billion, despite the company making just $11.9 million in revenue over the last year. Hedging forex On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
No real plan or strategy, but a lot of spare cash
As I mentioned in my coverage for Benzinga, lotteries tend to keep underprivileged communities in a cycle of poverty. But that also means a recurring revenue stream for the Redditers who believe greed is good. The top corporate holders are Strategy and the crypto miner Mara Holdings, which hold about $46 billion and $4 billion worth of bitcoin, respectively. The strategic shift involves a renewed emphasis on GameStop’s core business, which includes selling games, consoles, and gaming merchandise. At the same time, peripheral activities have seen reduced expenditures, reflecting a commitment to profitability and revitalizing the company’s core offerings. On the publication date, Faizan Farooque did not have (either directly or indirectly) coinjar reviews any positions in the securities mentioned in this article.
- Furthermore, the stock already experienced a boost from meme investors as the firm began flying its first commercial passengers into space in June 2023.
- Since Workhorse was the only all-electric solution in the bidding, many if not most analysts reasoned that it had the highest probability of securing the deal.
- CEO Matt Furlong is refreshingly straightforward about GameStop’s prospects.
- Meme stocks tend to prompt consternation and confusion among normie market participants, but then that’s just part of the fun.
- Remember, one of the reasons investors from the subreddit got behind GME stock was that they felt its bankruptcy could lead to massive job losses.
Reddit Stocks: Wallbox (WBX)
GameStop rose by nearly three-quarters in a single session after one of the biggest boosters of the first meme-stock frenzy returned to the internet trenches following a multi-year absence. Apparently, a cryptic post on X by Keith Gill, aka “Roaring Kitty,” was all it took to once again set off squeezes in some heavily shorted names. It comes as the number of U.S. store closures in 2025 is expected to be more than twice that of last year, reflecting the ongoing challenges faced by the retail sector. As online shopping gets ever easier and more popular, high street retail’s decline threatens companies with closure or bankruptcy if they can’t adapt to the new consumer environment. Overall, more than 2,000 stores have already closed in the U.S. this year.
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To their credit, social media investors have identified striking parallels between Troika Media and GameStop. And management at the two companies have engaged in startlingly similar financial restructuring plans. https://www.forex-world.net/ The thing about stocks is that you are never guaranteed about their performance yet those who have become good at making predictions have made a killing solely from stock trading. With ADMA Biologics, the current recommendation is that you should buy and there are no sell and hold recommendations. However, you should note that since the COVID-19 pandemic began the shares have decreased by 2.2%.
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The ad tech firm currently trades for a roughly $100 million market capitalization, valuing its shares at about 0.3X price-to-sales (P/S). That’s the same as GameStop’s valuation immediately before its short squeeze and about eight times lower than the average U.S. firm. In other words, it’s a siren’s call for deep-value investors looking for enormous returns. Whether external factors like a prospective cryptocurrency bull market provide more retail investors with the confidence and liquidity to once again embrace meme stocks like 2021 remains to be seen. However, it’s certainly worth tracking these strong meme prospects that hold plenty of potential to pop in the year ahead.
Grok AI picks 3 cryptocurrencies to invest in 2024
The same sentiment could power this stock to new heights as well. In that case, it won’t matter how much revenue BGFV is generating and its outlook. Even Rigetti’s CEO, Subodh Kulkarni, has tried to manage expectations, saying it’s not yet time to focus on sales and growth, as the company is still heavily focused on developing its technology.
Short Squeeze Stocks to Buy That Could Be the Next GameStop
However, Saylor is not involved in GameStop’s discussion about crypto investments at this time, two of the sources said. As the world moves towards an all-electric future, companies like Blink Charging will become a permanent fixture in investment portfolios. The company’s annual revenue grew 126% to $6.2 million in 2020.