GameStop Q2 Earnings: Can Performance Catch Up to Valuation?

GameStop (NYSE: GME) is widely known for its role in the meme stock frenzy. Retail investors who gather on Reddit and other forums to discuss stocks collectively decided the buy and hold GameStop stock.

The concerted decision caused the stock to skyrocket, and it's up an incredible 1,165% in 2021. That's despite the company's deteriorating operating performance over the last several years. It has an opportunity to report improving results when it reports second-quarter earnings on Sep. 8.

GameStop stock is up over 1,000% in 2021. Image source: Getty Images.

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Source Fool.com