GameStop meme stock mania, Nvidia earnings, and Bitcoin misses the party: Markets news roundup
Plus, looking back on what happened the last time GameStop sparked a meme stock frenzy
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GameStop stock skyrocketed Tuesday, a day after the return of Roaring Kitty — the American investor known for his Reddit posts — drove the shares sharply higher and brought meme stock mania back to the market.
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The meme stock comeback has begun. It’s not just GameStop and AMC stock that are enjoying meteoric rises. Many other meme stocks that once had cult followings have been revived this week following the social media reappearance of Keith Patrick Gill, the investor known as “Roaring Kitty.”
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The online return of Roaring Kitty, the American investor known for his posts on the subreddit r/wallstreetbets, drove GameStop stock up sharply Monday — so much that trading was halted.
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It looks like meme stocks are back in the game. Shares in video game retailer GameStop got a huge boost Monday due to a cryptic social media post. “Roaring Kitty,” the online name of American investor Keith Patrick Gill, who is known for igniting GameStop’s massive meme stock short squeeze in 2021, posted on X after a three-year hiatus — sending GameStop stock up as much as 110% and halting trading several times.
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Meme stocks enjoyed a return to the limelight this week after Roaring Kitty, the investor behind the GameStop saga in 2021, made a comeback on social media and sparked a renewed frenzy.
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Steve Sosnick, chief strategist of Interactive Brokers, spoke with Quartz for the latest installment of our “Smart Investing” video series.
Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.
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This week, meme stocks came back into the limelight after Roaring Kitty, the investor behind the GameStop saga in 2021, made a comeback on social media and sparked a renewed frenzy, lifting other meme stocks.
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Steve Sosnick, chief strategist of Interactive Brokers, spoke with Quartz for the latest installment of our “Smart Investing” video series.
Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.
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Nvidia reports earnings next week and Steve Sosnick of Interactive Brokers believes the market could turn south if they don’t deliver a strong beat and guidance
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Steve Sosnick of Interactive Brokers breaks down his concerns about the meme stock rally