Best meme stocks to buy in 2024

The rise of viral stocks driven by the Reddit messageboard has turned the financial world upside down. This guide picks the top meme stocks you need to know about this year.
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Updated: Nov 30, 2023
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This guide explains what makes a meme stock, where you can find them, and why they rose to prominence. Then get the lowdown on which ones are the best.

What are the top meme stocks to buy?

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Here are our picks for the best meme shares this year. You can find their latest stock price by following the links in the table, or scroll down for more information on each company.

#Stock symbolCompany nameTrade now
1GMEGameStop Corp.
Trade GME

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2AMCAMC Entertainment Holdings Inc.
Trade AMC

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3BBBlackBerry Ltd.
Trade BB

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4CLOVClover Health Investments Corp.
5SPCEVirgin Galactic
Trade SPCE

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List chosen by our team of analysts, updated March 2024.

1. GameStop Corp. (NYSE: GME)

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GameStop is an American retail store that specialises in gaming and electronics. The original meme stock, GameStop is the largest video game retailer in the world.

It leapt into the public consciousness at the start of 2021 as a swathe of retail investors performed a short squeeze on institutional hedge funds. That sent its share price up over 800% in a few days. Initially inspired by a leadership change, GameStop’s momentum took on a life of its own to turn it into a $200 a share company.

There are some reasons to believe this momentum can continue. It raised billions of dollars by selling more shares that it plans to use to fund a move to identify new growth opportunities, particularly in ecommerce. It also has a huge base of enthusiastic customers, which is more than enough to earn top spot on this list.

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2. AMC Entertainment (NYSE: AMC)

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AMC is an American cinema chain that owns movie theatres across the world. Most of its business is centred in the US, where it runs over 600 cinemas, and it owns the likes of Odeon and UCI chains as well.

Like GameStop, AMC had been struggling along for a while before it hit the big time at the start of 2021. Unlike its counterpart, it has really leaned into its status as a meme stock, even handing out free popcorn to its shareholders as a thank you. After jumping 400% in January, its share price found a second wind as lockdown restrictions eased in May.

That reopening is the main reason to believe in AMC’s long term prospects. Cinemas were hit especially hard by the pandemic and AMC had been trending down for a while. Now, with a strong balance sheet thanks to a series of new share offerings in 2021, it’s in a great spot to take advantage and return to prosperity in the future.

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3. BlackBerry Ltd. (NYSE: BB)

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BlackBerry is a cybersecurity firm that’s best known for being one of the dominant players of the early smartphone market. In recent years, BlackBerry has transitioned away from mobile phones and towards software and artificial intelligence as its core business areas.

Although in a smaller way than the companies above it in this list, BlackBerry was also caught up in the war on short sellers in early 2021. BB’s price jumped over 200% in the early part of the year, and saw another spike around Easter.

Its potential to live up to investors’ hopes relies on how well it can corner new areas of the market, such as in providing the software for the automotive industry. The early signs are good and its sound financial position means it’s in a good spot to take advantage of new growth opportunities in the years to come.

Sign-up & trade BlackBerry Ltd

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4. Clover Health Investments (NASDAQ: CLOV)

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Clover Health is a medical insurance company based in the US. Its unique feature the use of artificial learning to recommend better treatments to keep people healthier. It went public in 2021 through a SPAC merger sponsored by the venture capitalist, Chamath Palihapitiya.

SPACs have been extremely popular over the past couple of years, and its price immediately jumped more than 50% as soon as the merger went through. Since then, though, it’s been more rocky. The stock has attracted the attention of short sellers, in part thanks to a potential investigation against it by the US Department of Justice (DoJ).

That short interest in turn attracted more Reddit investors to the stock, which doubled in value in a few days in mid-2021. The AI behind the company is potentially ground-breaking and it’s dreaming big, with the goal of increasing ten times in value over the next decade. You just need to keep your eye on the DoJ moves against it.

Sign-up & trade Clover Health Investments

5. Virgin Galactic (NYSE: SPCE)

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Virgin Galactic is a space flight company that was founded by the British entrepreneur Richard Branson in 2004. Its goal is to operate commercial space flights, and it has been planning to send passengers into orbit for well over a decade.

The company’s share price is very sensitive to any news that comes out about the progress of its technology and test flights. It has been fluttering around as a popular online stock for some time, and big rises and falls are not uncommon. Twice in 2021 alone the stock more than doubled.

The biggest news of all, though, was the Federal Aviation Authority’s (FAA’s) decision to approve its request to fly commercial passengers into space. That decision in June 2021, on the back of a successful test flight in May, means we could be on the verge of the stock going truly stratospheric.

Sign-up & trade Virgin Galactic

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Where to buy the best meme shares

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If you want to dive in and get your own shares right away, then these brokers are the place to start. They’re all excellent platforms for beginners and you can use our reviews to get the lowdown on the features they offer.

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1
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Invest for dividends and get payout on stocks on Ex-Dividend day
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Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
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Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
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Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
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What is a meme stock?

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‘Meme stocks’ are essentially shares that go viral online. It’s a catch-all term for stocks whose popularity and price is driven by casual investors on the internet. They are usually stocks that were picked out by posters on Reddit or Twitter who are famously brash and tend to use memes as part of their ‘analysis’. Most famously, to predict that the price is going ‘to the moon’.

Are meme shares a good investment?

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In moderation they certainly can be. These stocks are some of the most volatile on the market, and often based on hype rather than any hard financial results. However, the meme stocks our experts picked out all have a genuine reason to be bullish about them at their core.

As long as you go in with your eyes open and understand that the value of your investment might fall significantly, they can be a good addition to your portfolio. The safest way to use them is as part of a balanced group of stocks, with less risky, more defensive stocks acting as a makeweight for the volatile nature of these companies.

The other important thing to note about them is that they can move fast. All of the stocks on this list have seen huge daily swings, far beyond what companies usually experience. You need to be plugged in to the latest news to make sure you don’t miss anything important.

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Latest meme stock news

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Nio stock price will be in the spotlight this week as the Chinese electric vehicle (EV) company publishes its financial results. The stock has been moving sideways in the past few weeks and was trading at $5.78. It has dropped by more than 64% from its highest point in 2023. Nio earnings ahead Nio,
The Stoxx 600 index will be in the spotlight this week as the European Central Bank (ECB) delivers its second interest rate decision of the year. The index, which tracks the biggest European companies, surged to a record high of €497, which was about 30% above its lowest point in December 2022. ECB
The Schwab US Dividend Equity ETF (SCHD) stock price has soared to a record high as the fear and greed index has jumped. The fund has risen in the past five months straight as demand for US equities rose. SCHD inflows are soaring Notably, the fund’s performance has happened at a time when inflows ar
It has been a great few months for Cathie Wood as her Ark Innovation Fund (ARKK) has bounced back from its lowest level in 2023. It has jumped by over 73% and is now hovering near its highest point since August 2022.  Some of its top holdings have become among the best-performing stocks in Wall
GitLab (NASDAQ: GTLB) stock price has done well this year. Up by over 16%, it has outperformed the Nasdaq 100 and S&P 500 indices. It is also nearing its highest point since February 2022. It has also surged by more than 180% from its lowest point in 2023, bringing its total market cap to over [
The FTSE 100 index remained in a tight range this week even as some of its biggest constituents like IAG, Abrdn, Croda, Just Eat Takeaway, St. James Place, and the LSE published their financial results. The index also wavered even as its American peers like the S&P 500 and Nasdaq 100 indices sur


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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Jayson Derrick
Senior Editor of News
Jayson was the Lead News Editor at Invezz until 2023 overseeing the team of reporters, analysts and strategic direction of news content. He traded stocks professionally... read more.