3 Meme Stocks That Might Be Worth Buying
Meme stocks hit the mainstream earlier in 2021 when aggressive stock and options buying led to a gamma squeeze and subsequent collapse of GameStop (NYSE: GME) stock. What sets meme stocks apart from ordinary investments is that the meme stocks tend to depend on viral buzz or community interest, rather than business fundamentals or prospects, to drive their share prices.
That somewhat dubious foundation raises a key question -- could a meme stock really be worth buying for the business? We asked three successful investors to pick a meme stock that they believe might be worth buying. They selected the NextGen AI US Sentiment Leaders Index (NYSEMKT: BUZZ), Virgin Galactic Holdings (NYSE: SPCE), and UWM Holdings (NYSE: UWMC). Read on to discover why, and decide for yourself whether you think they're worth owning.
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Source Fool.com