GigaCloud Technology (NASDAQ: GCT) has taken investors on a wild ride since its initial public offering on Aug. 18. The Chinese e-commerce solutions company went public at $12.25, started trading at $19.20, and closed at $15.69 on its first day. But the following day, it soared as high as $60 and closed at $48.01.

Those post-IPO gains were stunning. But is GigaCloud becoming another meme stock like AMTD Digital (NYSE: HKD), the Hong Kong-based fintech company which saw its stock inexplicably skyrocket from $7.80 to over $2,500 after its IPO last month? Or is GigaCloud's recent rally actually sustainable?

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Source Fool.com