Volatile Meme Stock Frenzy Continues: GameStop Surges, Carvana Soars, and Retail Investors Fuel Unusual Trading

GameStop remains a focal point amid resurgent meme mania, with traders holding through wild swings—up nearly 5% then reversing over 15%, followed by a 20% rally and pullback. Analysts stay bullish on GME between $21.54 and $24.20, citing enduring short squeeze potential from its small float and retail fervor. Keith Gill's social media return has reignited buzz around original meme darlings like GameStop and AMC Entertainment, driving Reddit discussions on r/wallstreetbets and platforms tracking YOLO trades.

Carvana surges as a standout, up over 60% this year on meme-like frenzy backed by fundamentals: third-quarter revenue jumped 55% year-over-year, net income nearly doubled, and it hit a $20 billion run rate while selling 156,000 rental units, up 44%. Needham analysts set a $500 target, praising its real estate and software moat. Plug Power coils for explosion with over 25% short interest, green energy appeal, earnings beats, NASA contracts, and electrolyzer partnerships, despite bearish metrics. Koss Corporation flipped to profits on 27% sales growth and DTC gains, ripe for acceleration via high shorts and tiny float.

Unusual volume highlights retail heat: Regencell Bioscience traded 1.4 million shares versus 249,000 average, amid a 26,500% yearly rally from its 38-for-1 split and meme hype, with no fresh news but clear frenzy. VSee Health exploded 72% on 319 million shares, Star Fashion up 34% on 33 million, and Wetouch Technology gained 29% on 1.15 million. Cameco rocketed 23% on 25 million shares, while broader movers like Skyworks and Gannett saw spikes tied to sector news.

Nvidia and Tesla trend hot on Reddit, with Nvidia's earnings looming as an AI bellwether—CEO Jensen Huang touted surging demand—despite cooling system concerns denting peers like Modine, down 7.5%. Tesla eyes new models to counter production dips. Rivian holds 10% yearly gains, with experts betting on AI-driven growth. No major regulatory shifts noted, though meme trading's pump-like risks persist under tolerant oversight. Volatility rules, blending hype, shorts, and occasional earnings catalysts.

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This content was created in partnership and with the help of Artificial Intelligence AI