Riot Blockchain Inc Aktie News

The meme stock rally of 2021 will go down in the books of financial history as one of the craziest periods of euphoria. The big meme stock rally was followed by an extended period of correction for speculative stocks.

Under $20 stocks are the way to go, as J.P. Morgan forecasts a “soft landing” for the U.S. economy this year, and with persistent inflation, Middle East tensions, and the upcoming U.S. election, investors will certainly want to err on the side of caution.

Artificial intelligence (AI) exuberance seems to be slowing down somewhat, as many of the GPT-wrapped “startups” face mounting operational costs and limited marketability. Likewise, investors increasingly see through the facade when run-of-the-mill firms slap “AI” labeling across a range of unrelated products and services.

President Emmanuel Macron on Thursday met with local officials in riot-hit New Caledonia, having crossed the globe by plane in a high-profile show of support for the French Pacific archipelago gripped by deadly unrest and where Indigenous people have long sought independence from France.

Riot Platforms stock (NASDAQ NASDAQ : RIOT), a Bitcoin Bitcoin mining company, trades at $11 per share, about 86% below its peak level of $78 seen in January 2021. RIOT stock was trading at around $4 in early June 2022, just before the Fed started increasing rates, and is now 160% above that level, compared to a 40% gain for the S&P 500 during this period.

The price-action in some speculative stocks in the recent past is signaling the possible return of the meme stock euphoria. Stocks like Novavax (NASDAQ: NVAX ) doubled overnight, and the rally has even increased.

Bitcoin was up over 10% as risk-taking was back in the market this week. Stocks that leverage Bitcoin's moves had a great week as a result.

The meme stock season seems to be back. Novavax (NASDAQ: NVAX ) has surged over 200% in the last month, with big gains coming in a few trading days.