With GME and AMC growing to become some of the biggest “meme stocks” out there, the question is: “What’s the next meme stock?” Meme stocks are where a community focuses on investing in a particular stock to raise its price to an unexpected level. With how random the meme stocks have been, it’s difficult for anyone to predict what the next meme stock will be. This time, however, the community is largely focused on AMD (Advanced Micro Devices).
What is the new meme stock in 2021?
The new meme stock is AMD.
At the time of writing, AMD has enjoyed a big $20 boost in the past couple of weeks. This has taken its value per share from under $90 to over $110.
Though it can be described as a “meme stock” as large groups on Reddit are focusing on it, the success of AMD could also be down to other factors like it announcing its Q2 financial results and also its continued rise in popularity in the PC component space.
While it’s difficult to argue against GME being called a meme stock, AMD is a different story. Regardless, it’s still seeing growth and has been identified by communities on Reddit as a new target for meme investors.
If a new meme stock emerges, this post will be updated to reflect it.
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