TACO trade, Donald Trump and meme
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Shares of video game retailer GameStop (NYSE:GME) jumped 7.8% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high,
Shares of AMC Entertainment Holdings Inc. were surging more than 22% in Tuesday afternoon trading, lifted by the movie-theater chain and original meme stock’s strong Memorial Day weekend box office. The stock has climbed 48.
IonQ stock price is now flirting with its all-time high of about $51. Valuation and other concerns suggest investors should pull out of IONQ.
Trump, who referred to cryptocurrencies in his first term as ‘not money,’ citing volatility and a value ‘based on thin air,’ has shifted his views on the technology.