Latest news with #memeStock
Bloomberg
5 days ago
- Business
- Bloomberg
The Man Behind a Tiny Toronto Hedge Fund That Revived Meme Mania
By and Geoffrey Morgan Save By Wall Street standards it's been a whopping good month for Canadian hedge fund manager Eric Jackson, whose EMJ Capital Ltd. bought shares of Opendoor Technologies Inc. at around 70 cents and watched them soar more than 250%. But for 53-year-old Jackson it's a painful reminder that not everyone wants to come along for a volatile ride, even when you're winning. One of his investors asked for their money back because of the Opendoor investment. Turns out they didn't want to be in a 'meme stock.'
Bloomberg
07-07-2025
- Automotive
- Bloomberg
Is Tesla Now a Meme Stock?
Opinion Tesla stock has gone up and down a lot this year. Has it finally become a meme stock? Bloomberg Opinion columnist Liam Denning explains the reasons behind the stock's volatility. (Source: Bloomberg)
Yahoo
06-07-2025
- Business
- Yahoo
AMC Entertainment Holdings Inc (AMC) Is 'A Professional Meme Stock,' Says Jim Cramer
We recently published . AMC Entertainment Holdings Inc (NYSE:AMC) is one of the stocks Jim Cramer recently discussed. AMC Entertainment Holdings Inc (NYSE:AMC) is one of the largest cinema chains in the US. It is also one of the more 'infamous' stocks in the market due to the tussle between retail and institutional investors during the coronavirus pandemic. AMC Entertainment Holdings Inc (NYSE:AMC) is what is commonly referred to as a 'meme stock,' which means that its shares have been driven by popularity instead of fundamentals. In 2025, the stock has lost 26% year-to-date after it gained 24% in May only to dip by 15% over the next couple of days. The stock performed well in May due to a record Memorial Day weekend. Cramer's previous remarks about AMC Entertainment Holdings Inc (NYSE:AMC) have discussed the firm's high debt levels. This time around, he commented on potential catalysts: 'That's a professional meme stock. An audience of moviegoers inside a theatre, savoring the latest cinematic experience. The CNBC host warned his viewers about investing in AMC Entertainment Holdings Inc (NYSE:AMC) earlier this year: 'No, the answer is that they should have reorganized by now, and they haven't. They have way too much debt. I want you to stay away from that one.' While we acknowledge the potential of AMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-07-2025
- Business
- Yahoo
CoreWeave, Inc. (CRWV) Is A Meme Stock, Insists Jim Cramer
We recently published . CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently discussed. CoreWeave, Inc. (NASDAQ:CRWV) is a computing infrastructure provider that has risen due to its exposure to the AI industry. Its shares are among the top performers in 2025 and have gained 313% since their IPO in March. Ahead of the July 4th weekend, CoreWeave, Inc. (NASDAQ:CRWV)'s stock gained 8.9% as it became one of the first AI infrastructure providers in the industry to announce the availability of NVIDIA's latest Blackwell GB300 servers. In his recent remarks, Cramer asserted that CoreWeave, Inc. (NASDAQ:CRWV) is a meme stock that has obliterated short sellers: 'CoreWeave, by the way, is a meme stock. CoreWeave is about destroying the people who got short way too quickly before the stock was seasoned. Now there's 32% of the float of that stock, is short. There's 46 million that trade out of 360 million. David it is just a combustible. . . CoreWeave, Inc. (NASDAQ:CRWV) is one of the more frequently discussed stocks in his evening show, too. Here's what Cramer said in a Mad Money episode: 'I think it is overbought. I think it's up on a short squeeze. I think the stock is just way too high. I mean, look at this. I mean, prices at $40, it should have never priced there when it did its IPO. People didn't like it. They didn't understand the balance sheet. Lots of hedge funds got shorted here, thinking that this thing really was not worth anything at all. I recommended buy it the whole darn time. The whole darn time. … What I need to tell you is that if you bought it here, you can take off half of your position, half of it, and then you're playing with the house's money. Who doesn't want to play with the house's money? That's the goal. The goal if you want to be a great investor is the house's money. And that's what you have if you bought CoreWeave when we said that we liked it. The relationship with NVIDIA is very solid, and NVIDIA owns a big chunk of CoreWeave.' While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Wall Street Journal
01-07-2025
- Business
- Wall Street Journal
AMC Strikes Debt Deal, Settles Bondholder Litigation
AMC Entertainment said Tuesday that the movie-theater chain has struck a set of agreements with creditors to obtain new financing, swap existing debt for a mix of new debt and equity securities, and settle litigation brought by a group of bondholders. The company, whose stock price has sagged since hitting its peak during the pandemic-era 'meme stock' phenomenon, said that certain bondholders have agreed to provide $223 million in new money financing to pay down maturities due next year, as well as exchange $590 million of their holdings into a new secured bond.
