Meme Stocks Make a Comeback as Market Continues to Reach New Highs!!!🚀🤑🚀

Meme Stocks Make a Comeback as Market Continues to Reach New Highs!!!🚀🤑🚀

• RoaringKitty Strikes Again

• Berkshire Hathaway's “Biggest Downfall”

• Recent Bullish News on Crypto

• Stock Split Of The Day: $NVDA 10:1

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Roaring Kitty Comes Back for Vengeance🚀

In the past five days, the ticker symbol $GME went parabolic again after news emerged that the infamous Roaring Kitty’s shares and options play had not been sold at all!

Today, GameStop (NYSE: GME) experienced significant stock price fluctuations. The stock surged by 47.29% during intraday trading, closing at $46.50. This dramatic rise is largely attributed to anticipation surrounding an upcoming livestream by Keith Gill, also known as "Roaring Kitty," which is scheduled for June 7. Gill's previous involvement with GameStop played a pivotal role in the stock's massive rallies in 2021, driving renewed interest from investors​ (Source: Benzinga)​.

As of this Report, Roaring Kitty shares are now worth $200,000,000 and his option plays is now worth $301,200,000! If $GME were to rally another 50% from today’s close or at the stock price of $69 Roaring Kitty would be a freaking billionaire. 🤑

Breaking News: Berkshire Hathaway Stock Plummets Due to Market Glitch!

This week, Berkshire Hathaway experienced an unexpected and dramatic drop in its stock price due to a technical glitch at the New York Stock Exchange. The glitch caused the stock to appear as though it had plummeted by 99.97%, briefly showing Berkshire Hathaway Class A shares trading at just $185.10 instead of their true value of over $627,000. This error was part of a broader issue that affected about 40 stocks, triggering multiple trading halts. The NYSE quickly addressed the problem, restoring normal trading and resuming the accurate display of stock prices by late morning​ (Source: Business Insider)​​

It was truly a buy the freaking dip moment!🤣

• Stock went from $627,400 to all the way down to $185.10!!!

• Many tried to buy the stock, but their orders were immediately canceled.

• While some try to bypass it with market orders but ended up with shares at full price instead😬

Bullish Catalysts Sending BTC Back to Near All Time Highs (ATH)

The U.S. is starting to put its focus towards crypto, and the recent results prove that.

1/ Regulatory authorities have recently approved the launch of an Ethereum (ETH) Exchange-Traded Fund (ETF), marking a significant milestone for the cryptocurrency market. This approval allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency, attracting a broader range of investors, including institutions. The ETF will track the price of Ethereum, providing a more accessible and regulated way for investors to participate in the market.

Here are the eight aforementioned big institution that got the green light for ETH ETF: Grayscale, Bitwise, ⁠iShares (BlackRock), VanEck, ARK 21, Invesco Galaxy, ⁠Fidelity, and Franklin

2/ Trump endorses crypto, giving bullish sentiment proving that crypto is most likely here to stay. Many nations internationally and big institutions are following suit, buying BTC in large amounts under their balance sheet!!

3/ Additionally, the approval of FIT21 further underscores the growing acceptance and integration of cryptocurrencies into mainstream financial markets. However, it's worth noting that SAB121 was vetoed, indicating that while progress is being made, there are still regulatory hurdles to overcome. These developments highlight the dynamic and evolving nature of the cryptocurrency landscape.

This seems to be just the beginning of the BTC bull cycle once we break out of current ATH at 73k.😉🚀

Nvidia Still Remains The King of The AI Bubble🤑

Nvidia (NVDA) is poised to enact a 10-for-1 stock split, effective after the market closes on June 7, 2024. This strategic move aims to make Nvidia's shares more accessible to a broader range of investors, reflecting the company's commitment to inclusive growth and widespread market participation. Following the split, Nvidia shares will trade on a split-adjusted basis starting June 10, 2024. Additionally, Nvidia has announced a substantial 150% increase in its quarterly cash dividend, further showcasing its financial strength and shareholder commitment​ (Source: Motley Fool)​.

Nvidia remains at the forefront of the AI sector, continually driving innovation and maintaining its position as a top contender in the AI mania. The company's latest earnings report exceeded Wall Street expectations, propelled by high demand for its data center GPUs, which are crucial for AI applications. Nvidia's cutting-edge technology, such as the H100 chips, and upcoming platforms like Blackwell, underscore its leadership in AI and machine learning. As AI continues to revolutionize various industries, Nvidia's strategic investments and technological advancements ensure its continued dominance in this rapidly evolving field​.

STOCKED-UP NEWS ON THE GO 📰

Chipotle gets closer to massive 50-for-1 stock split This will be Chipotle first stock split, allowing new investors to buy in at a cheaper price.

Tesla Shareholders Are Voting On Elon Musk's Pay Package. What We Know And What's At Stake. The shareholder vote on Elon's 2018 $56 billion compensation package is crucial, as it could either bolster his drive to advance Tesla's innovation or undermine his incentive if the package is not approved.

Why Is MicroAlgo (MLGO) Stock Up 162% Today? Due to a collaboration with $WIMI, $MLGO experienced a short squeeze, rising from $1.56 in premarket trading up to $15 intraday.

May jobs report expected to show more signs of cooling labor market Everyone is focused on Friday's Unemployment Rate report, which will offer key insights into potential rate cuts by the Fed.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says Trillions of dollars are currently held in cash or low-yield assets, potentially fueling further market growth and pushing it to new all-time highs. Indication that the bull market is expected to persist.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and entertainment purposes only. It is not investment advice or an alert to buy or sell any investments or to make any financial decisions. Please be careful and do your own due diligence.