Why Gamestop Corp. (GME) rose Monday

We have recently compiled a list of 10 companies start trading with impressive gains. In this article we will look at where Gamestop Corp. (Sneezing: GME) stands against the other shares.

The stock market started trading week on a positive note, with all major indices bells in gains when investors brushed President Donald Trump’s latest introduction of intense rates on steel and aluminum products from Canada and Mexico.

Dow Jones rose 0.38 percent, the S&P 500 grew 0.67 percent, while Nasdaq gathered 0.98 percent.

Ten companies mirrored a wider market optimism in the midst of a number of positive catalysts that trigger purchase appetite.

In this article we will look at which companies led the charge and explore the reasons behind their performance.

To come up with Monday’s best artists, we only considered the shares with at least $ 2 billion in market value and $ 5 million in daily trading volume.

A player who plays a game at one of the specialty business’s game platforms.

Gamestop Corp. divides with 9.66 percent Monday to finish at $ 27.12 per When investors responded positively to a photo of GME management director Ryan Cohen and strategy chairman Michael Saylor.

While the picture mentioned no reason why Cohen joined Saylor, investors were quick to speculate on a brewery cryptocurrency strategy between the two companies.

It can be learned that the gaming company had already ventured into cryptocurrency in 2022 with the creation of a now-abandoned cryptocurrency-teger that sent its stock prices skyrocketing in days after launch.

Recently, reports also rose that GME closed several stores in the United States, often with little or no warning. Since 2020 alone, GME has closed more than 700 stores, as the Covid-19 pandemic strongly weighs its profits, further aggravated by a shift in consumption to online sales and video game manufacturers that take digital access to games.

Total GME Ranks 9 .. On our list of Monday’s best artists. While we recognize GME’s potential as an investment, our conviction lies in the belief that some AI stocks have a greater promise to deliver higher returns and do so within a shorter time frame. If you are looking for an AI stock that is as promising as GME but which deals with less than 5 times its earnings, check out our report on Cheapest AI storage.

Read next: 20 best AI stocks to buy now and Complete List of 59 AI companies under $ 2 billion in market capital.

Disclosure: None. This article is originally published on Insider Monkey.