warns investors to question the poster's motives."At some point, is whoever's controlling this account doing this in your best interest or their best interest? And really, you should think that one through because to me, it's pretty obvious whose interest it's in," Sosnick says.says to expect these sorts of product announcements to happen more frequently as the battle for AI chip dominance heats up.
Meanwhile, and A MD unveiled a new A I accelerator which it plans to make available in the fourth quarter of this year, as well as new mobile and laptop accessories.Keith Gill known as Roaring kitty may have a big position in GME. However, the Oil alliance said it will begin unwinding some additional voluntary reduction starting in October.
And the S and P 500 futures also pointing a little bit higher as well here, an interesting dynamic that we're tracking a lot of focus on chips and the waiting there as well as the re or at least some of the downdraft that we've seen in software that's really led to that waiting being more prominent in chips.
Now, new chips out from NVIDIA that were just announced and also a MD are looking at gains of just about 1.8% here in early trading year to date uh gains there of about 13%.And then Brad, we also got to take a look at the meme trade because that's really what is catching a lot of our attention here this morning when you take a look at some of that and some of the uh gains that we've seen specifically with gamestop up on the top left of your screen there.
Now, what's most interesting about this right now that we're watching is we haven't actually heard from Gill himself yet. I mean, I thought that we'd be talking about this massive week, the, the luge of data that we're gonna get on the jobs front.Um, you know, I mean, we've got a very consequential week as you and Sean are laid out at the open, but here we are talking about meme stocks.They're a sign of the froth that's going on in the market.And, um, you know, Josh just raised a very interesting point.
And, and as of now we can, um, you know, think about it, the meme stock phenomenon sort of died out most of 2022 and a good portion of 2023 because we didn't have the euphoria across the board that we have now, individual investors are back in general.Although I'd rather they focused on more, um you know, shall we say, you know, value oriented types of names rather than just pure speculation as it is.
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