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GameStop Stocks: Shares are up 14% in 1-month period.

GME- Popular stocks

GameStop (GME) continues to be one of the most popular stocks on the internet. GameStop’s recent rebound of over 14% in the last month was due partly to the return of investor confidence in the market.

STOCKS for GME

With the Federal Reserve expected to raise interest rates in March, the scenario of fear and uncertainty for equity investors is slowly stabilizing.

Assets such as technology and growth stocks, as well as speculative assets such as crypto and meme stocks, have been greatly impacted by the uncertainty surrounding inflation and the Fed’s control measures.

This can be seen by looking at the performance of the CBOE Volatility Index VIX, an index that measures market fear based on the volatility of the S&P 500. The index has been flat over a one-month period, compared with nearly 50% growth in January.

It holds a record for search and relevance in Reddit threads, as well as in Google searches alongside trillion-dollar market-cap companies and hyped technology names.

The technology will be compatible with most multiplayer gaming platforms in general. It will be possible to purchase in-game items directly from GameStop’s NFT platform. The entrance into the emerging NFT market has great possibilities for the company to become a major player in the future.

Eventual news related to the launch of GameStop’s NFT business, either from the company itself, from third parties, or through a mysterious tweet by Ryan Cohen, could be a short-term catalyst for GameStop shares.

Written by Maryam Nawaz

MPhil International Relations (Specialization in International Politics and Economy)

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