GameStop stock tanks 25% as meme rally fades

GameStop's stock plummeted by 25% as the enthusiasm for meme stocks waned, following a significant surge due to a short squeeze. Other stocks like AMC also saw sharp declines. Despite the recent spikes reminiscent of the 2021 meme stock frenzy, analysts believe a repeat of that scale is unlikely, citing lower overall market impact and ongoing short interest in these stocks.