These 10 Meme Stocks Have Taken the Market by Storm This Year

In One Chart wrote a column · Jul 21, 2023 15:42

The Fed's inflation fight started from March 2022 spelled the end of the meme-trading bubble last year. But tech stocks are rising manically this year, spilling into meme stocks.

Shades of meme-stock mania are cropping up. The $ROUNDHILL MEME ETF (MEME.US)$—tied to the Solactive Roundhill Meme Stock Index—has risen 60.59% this year to its highest level since May 2022.

Its top holdings included bitcoin miner $Riot Platforms (RIOT.US)$ (up 445% this year), artificial-intelligence lending platform $Upstart (UPST.US)$ (up 319%), and $Carvana (CVNA.US)$ (up 886%).

These 10 Meme Stocks Have Taken the Market by Storm This Year

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OriginaLew : so, just because something goes up extreme amounts (RIOT/MARA), it's considered a meme stock? SMH

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