Is Intuitive Machines (LUNR) Stock the Next HKD?

Despite pensiveness in the major equity indices as investors digested concerns about the rising 10-year Treasury Yield, space economy participant Intuitive Machines seemingly threw caution to the wind. During the late hours of the midweek session, LUNR stock skyrocketed well into triple-digit return territory.
LUNR stock aligns with compelling fundamentals. Specializing in lunar access and data service solutions, Intuitive stands poised to help undergird the U.S. government’s renewed interest in lunar exploration and research. From there, scientists hope to catalyze a mission to Mars.
Social Media Chatter Bolsters LUNR Stock
social media took up the cause of LUNR stock, especially with the hashtag “#nextHKD.” This refers to the ticker symbol of AMTD Digital . At one point, extreme speculation saw HKD shares soar to four-digit-price territory, an astounding performance. Therefore, the allure of quick and massively robust profits may be bolstering Intuitive Machines.
Dangers That Traders Cannot Ignore
Although LUNR stock appears enticing at the moment, prospective traders must not ignore critical risk factors. Arguably the most pertinent consideration is that speculation can always (and typically does) fail. For instance, HKD is down 99.5% from its all-time closing high. Even with a substantial pop this year, it’s down nearly 18% in 2023.