Financial Services

GameStop mentions surge on Reddit, surpassing Nvidia

Tiffany Hagler-Geard | Bloomberg | Getty Images

GameStop has once again become a hot topic on Reddit‘s famed WallStreetBets page Monday after the man who helped make it a meme stock reappeared online.

Mentions of the video game retailer on the Reddit forum topped 1,200 for the last seven days as of Monday afternoon, according to market research platform Quiver Quantitative. With Monday’s boost, the stock became the most-referenced stock in that seven-day period, surpassing the SPDR S&P 500 ETF Trust (SPY), a popular fund tracking the benchmark S&P 500 index, and artificial intelligence darling Nvidia.

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GameStop was the most talked about equity on WallStreetBets on Monday, with more than 1,000 mentions in the last 24 hours. Fellow meme stock AMC Entertainment had the next most references in that period, at more than 500.

Monday’s jump in discussion comes as “Roaring Kitty,” the user who helped catalyze the GameStop stock craze in 2021, posted online for the first time in nearly three years. Roaring Kitty, whose legal name is Keith Gill, posted a picture on X of a video game player leaning forward in his chair, suggesting he’s taking the game seriously.

It marked his first post on Reddit or X since 2021. The post has already garnered nearly 100,000 likes since it went up around 8 p.m. ET on Sunday night.

He followed that up with additional posts to X on Monday, with compilations of clips from popular TV shows and movies.

Multiple Reddit users shared screenshots of their GameStop positions on the WallStreetBets page following the return of Roaring Kitty. However, it appeared that many posts on the topic were being filtered out. One post showed a screenshot of GameStop’s intraday chart with the caption, “Oh we are so back.”

GameStop shares soared in Monday’s session and were halted several times due to volatility. With Monday’s rally, the so-called meme stock was up 73.7% in 2024.

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