Cramer warns against 'meme stock mania,' says to sell GameStop and AMC

CNBC's Jim Cramer advised investors to sell shares of GameStop and AMC, citing concerns over their recent price surges driven by social media hype. He described the enthusiasm around these "meme stocks" as irrational, given their fundamentals. Cramer highlighted GameStop's overvaluation compared to peers like Best Buy and flagged AMC's looming financial struggles, labeling it a "dead man walking" due to its substantial debt obligations due by 2026.