gamingstocks
NVIDIA (NASDAQ:NVDA) was in focus this week as it became the second most valuable company. Well-known meme stock GameStop (NYSE:GME) also made headlines as volatility took hold of it share price. Meanwhile, a VanEck commentator raised his price projection for Ethereum to over US$20,000 by 2030, and emails between Tesla (NASDAQ:TSLA) and NVIDIA obtained by CNBC troubled those who have invested in the electric vehicle (EV) maker. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. NVIDIA beats Apple, Roaring Kitty returnsNVIDIA overtook Apple...
Investing News Network
GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3). The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill. Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$1...
Investing News Network
Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain. The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021. Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, ac...
Investing News Network
Below is a commentary from Money.co.uk’s personal finance expert, Salman Haqqi, on how to invest in gaming stocks. Q2 2021 hedge fund letters, conferences and more The Gaming Stocks That Have Soared In Price In The Past YearWhen the pandemic hit, many of us turned to video games to help pass the time and keep us entertained. Consequently, the gaming industry went from strength to strength, after a sharp rise in sales of video games and consoles. The Nintendo Switch, arguably the console of the pandemic after their breakout hit ‘Animal Crossing New Horizons’, saw operating profits skyrocket by ...
ValueWalk
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