Published on: 2025-04-02
Updated on: 2025-11-11
Meme stocks have captivated the financial world, offering investors both exhilarating opportunities and significant risks. Propelled by social media buzz and online communities, these stocks often experience dramatic price swings that defy traditional market analyses.
For example, Reddit's WallStreetBets led to significant volatility and trading volumes, setting the stage for similar market behaviors in subsequent years.
To summarize, meme stocks are equities gaining sudden popularity among retail investors, primarily driven by discussions on social media platforms and online forums. This surge in attention often leads to rapid and unpredictable price movements, detached from the company's fundamental performance.
The phenomenon gained prominence in early 2021 with the unprecedented rise of GameStop and AMC Entertainment, showcasing their high-risk, high-reward potential.
Today, the meme stocks list continues to evolve, with new players entering the scene and capturing the imagination of retail investors. Although social media trends, celebrity endorsements, and broader market sentiments can influence these stocks, investors are still drawn to meme stocks for their potential to yield substantial short-term gains.
Newsmax (NMAX)
GameStop Corp. (GME)
AMC Entertainment Holdings (AMC)
MicroStrategy Inc. (MSTR)
Tesla Inc. (TSLA)
SoundHound AI, Inc. (SOUN)
Rivian Automotive, Inc. (RIVN)
BlackBerry Limited (BB)
Block, Inc. (formerly Square, Inc.)
Robinhood Markets, Inc. (HOOD)
Newsmax, a conservative news network, solidified its meme stock status with an explosive stock market debut in March 2025.
Following its Initial Public Offering (IPO), the stock experienced immediate, GameStop-style volatility, with shares briefly surging dramatically, pushing its market capitalization to a multi-billion dollar valuation.
This massive, but short-lived, surge was fueled by high retail enthusiasm and the limited availability of public shares. Although the stock price settled significantly lower later in 2025, Newsmax continues to attract speculative retail investors.
GameStop remains a prominent meme stock and a major focus for retail investors. In 2025, the company pivoted its strategy by adding Bitcoin to its treasury and making a significant purchase, sparking a surge in investor interest.
Despite this, GameStop continues to face declining sales and stiff competition in its traditional retail business. The company issued debt to support its new direction and maintain a large cash reserve.
As a result, the stock’s performance is largely driven by speculation around its cash reserves, Bitcoin holdings, and the lack of a clear plan to revive its core retail operations.
AMC Entertainment remains a core meme stock, with its volatility largely driven by retail investor sentiment. In 2025, management focused on improving the company’s financial health.
The company completed major refinancing efforts to reduce its corporate debt, aiming to strengthen its balance sheet. Its quarterly revenue exceeded expectations despite a slow box office season, and the CEO projected strong performance for the final quarter of the year.
However, AMC still reported a net loss, mainly due to non-cash charges from the refinancing. The stock remains high-risk, balancing solid cash reserves against significant debt and ongoing losses.
Strategy Inc. (formerly MicroStrategy) is a well-known meme stock tied closely to Bitcoin’s performance. The company continues to buy and hold large amounts of BTC, making its stock highly sensitive to the cryptocurrency’s movements.
In late 2025, the stock experienced volatility as its valuation premium over Bitcoin’s value narrowed. Despite reporting strong profits from digital asset gains, the company continues to leverage its balance sheet to acquire more Bitcoin.
MSTR is viewed as a high-risk, leveraged play for investors betting on Bitcoin’s long-term growth.
Tesla remains a prominent meme stock, with its volatile price driven more by speculation around AI and robotics projects than its car sales. The stock’s narrative is closely tied to CEO Elon Musk and his performance-based pay plan, which sets ambitious long-term targets.
Although Tesla achieves record revenue and deliveries, net profitability is declining due to competition and rising costs. Investors view TSLA as a high-risk tech play, betting on its non-automotive ventures to support its high valuation.
SoundHound AI remains on the radar as a meme stock; its appeal driven largely by retail excitement around its voice‑recognition and conversational‑AI tech. The company has posted a strong quarter: revenue surged, the outlook was raised, and it holds a sizable cash position.
Yet, the company still operates at a loss and faces the familiar risks of any high‑growth AI play notably execution, competition, and profitability. Despite the tech promise, the volatility remains high and the narrative around it is speculative.
Rivian continues to attract attention as a meme stock, thanks to its potential to take on established EV makers with bold vehicle designs and strategic partnerships. The company recently reported strong revenue growth but is still facing heavy financial losses and production challenges.
For instance, it unveiled a major compensation package for its CEO to keep the growth momentum going.
Despite the excitement, investor enthusiasm remains high‑risk: the company is scaling rapidly into a very competitive market, and much of its valuation hinges on future models and execution rather than past profitability.
BlackBerry, once a leader in mobile devices, has reinvented itself as a software and cybersecurity company. This transformation, combined with the legacy brand recognition, keeps it in meme‑stock conversations.
Investor interest is driven by BlackBerry’s growing role in automotive/IoT software via its QNX division, and its focus on cybersecurity solutions.
However, despite achieving GAAP profitability and raising its revenue outlook for fiscal 2026 earlier in the year, the stock remains volatile.
Block remains a meme‑stock favourite, thanks to its position in digital payments and its growing ventures into AI and cryptocurrency. The company is expanding features like Bitcoin payments and AI‑driven financial tools, which reignites investor interest.
Despite this, it carries the hallmarks of a high‑risk, high‑reward investment: strong growth potential tied to newer business lines, counterbalanced by the execution risk of scaling in competitive fintech and crypto environments.
Robinhood, the trading platform popular among retail investors, has become a meme stock in its own right. Its role in democratizing investing and the controversies around its operations continue to drive significant stock‑price volatility.
In 2025, Robinhood gained renewed momentum thanks to strong growth in transaction‑based revenue (especially crypto and options trading), and a bold vision of tokenisation and 24/7 markets.
However, analysts warn the stock may be “meaningfully overvalued” relative to the underlying business fundamentals.
As noted at the start, investing in meme stocks carries substantial risks. Their prices are often driven by social media sentiment rather than fundamental financial metrics, leading to extreme volatility.
Regulatory concerns have also emerged, with authorities scrutinizing potential market manipulation and the gamification of trading platforms. Investors should exercise caution, conduct thorough research, and consider their risk tolerance before engaging with meme stocks.
Investors seeking high short-term gains and those who enjoy participating in social trends are typically drawn to meme stocks, often accepting very high risk.
Generally, no. Meme stocks are highly speculative, and their prices are often detached from fundamental business value, making them unsuitable for long-term, value-focused investing.
The main drivers are social media sentiment (e.g., Reddit, X, Discord), high short interest (leading to short squeezes), and high trading volume by retail investors.
In conclusion, meme stocks represent a unique intersection of social media influence and market dynamics. While they offer the allure of rapid gains, they also pose significant risks due to their inherent volatility and speculative nature.
As the financial landscape continues to evolve in 2025, staying informed and approaching such investments with a critical eye is essential for navigating the high-risk, high-reward world of meme stocks.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
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