Meme Stock Mayhem: Tesla, GameStop, and AMC Captivate Retail Investors

Tesla is once again at the center of meme stock buzz, with heavy social media activity and more than 600 recent mentions on retail investor forums. Despite the hype, its share price has been largely flat, hovering around $315. GameStop remains in the spotlight after a recent sell-off, down over 4% to just above $22, driven by ongoing debate about its turnaround prospects and frequent trading spikes. Meanwhile, AMC Entertainment saw a nearly 3.2% drop, sliding to $2.85, as retail chatter on Reddit and X continues to focus on the company’s efforts to manage debt and navigate the changing movie theater landscape.

Palantir Technologies stands out as a top performer among meme stocks, surging over 3.5% to trade near $139, buoyed by retail enthusiasm over its government contracts and AI initiatives. SoFi Technologies, another retail favorite, posted a gain of almost 3.7%, climbing to $19.25 on strong trading volume and continued optimism around its financial technology platform. Coinbase also drew attention, with its stock trading near $356, as crypto markets remain volatile and retail investors track every swing in Bitcoin and Ethereum.

Robinhood, popular for its role in meme stock trading itself, saw a nearly 4% jump to about $94, spurred by high engagement from younger investors and persistent speculation about new product rollouts. Carvana, known for wild volatility, rose to $357, continuing its rollercoaster ride as the used car market fluctuates and short interest remains high.

On the social media front, Reddit remains a primary driver of meme stock momentum. Discussion threads on WallStreetBets and Stocks are filled with price targets, memes, and bold trading stories, with newer tickers like Super Micro Computer getting more mentions thanks to its link to the booming AI sector. Nvidia, while suffering steep declines earlier in the year, is still actively discussed due to ongoing developments in graphics processing and data center demand.

Market sentiment toward meme coins also continues to spill into equity markets. Arctic Pablo Coin, with an eye-popping advertised ROI, is being promoted across Telegram and X, with parallel hype occasionally causing moves in stocks with similar names or tickers. Classic meme coins like Dogecoin and Shiba Inu are also spiking in trading volume, reinforcing the crossover between crypto and meme stock communities.

No major regulatory actions have been announced, but the SEC has issued fresh reminders about the risks of speculative trading and the potential for sharp reversals in stocks with extraordinary social media-driven volume. Many of these companies are shoring up balance sheets or issuing shares into meme-driven rallies, highlighting both the opportunities and pitfalls for retail traders.

That wraps up today’s update. Thank you for listening to the MEME Stock Tracker podcast and don’t forget to subscribe!