GameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years

GameStop and AMC shares soared following a new social media post by Keith Gill, the trader known as Roaring Kitty, who was pivotal in the 2021 meme stock surge. His first post in three years on platform X featured a meme, sparking a massive 74% rise in GameStop's stock and causing multiple trading halts due to volatility. Similarly, AMC shares jumped 78%. This resurgence in meme stocks reflects the ongoing influence of social media on stock trading, detached from the companies' fundamental values.