If you thought the meme stock craze was a fad of the past, think again. Keith "Roaring Kitty" Gill, the investor who lit the fuse on 2021's GameStop powder keg, is back with a bold bet that's sending shockwaves through markets.
Roaring Kitty just disclosed a 6.6% stake in pet e-tailer Chewy, immediately igniting a 28% premarket surge in the stock. With over 9 million shares valued at $245 million, he's now the third-largest shareholder.
This one move is threatening to restart the controversial Reddit-fueled meme stock phenomenon from a couple years ago. Here's how Roaring Kitty's Chewy gambit could shake up trading dynamics:
?⬛ Meme-Stock Baptism
Chewy was far from a household meme name - until now. With the meme-trader king himself anointing it, Chewy is primed to get flooded with speculative YOLO buyers looking to ride the hype.
? Shifting Focus from GameStop
Roaring Kitty rose to stardom pushing GameStop during the meme rally. His pivot to Chewy suggests he's moving on, and his followers' obsession (and capital) may shift alongside his new target.
? Reigniting the Meme Frenzy
Seeing Gill's ability to still spark an overnight triple-digit rally simply by showing up proves his draw remains undiminished. This clout could embolden the get-rich-quick crowd to revive the meme stock casino once more.
? Short Squeeze Mania
Chewy's tiny ~20% short interest could quickly become a bull's-eye for retail hordes looking to orchestrate an old-fashioned short squeeze. Other meme names with elevated bearish bets may soon get targeted too.
? Volatility Bonanza
Meme stocks are legendary for wild intraday price swings, creating a trader's paradise for the aggressive risk takers. Chewy joins GameStop in this highly speculative arena - and the gambling may be just beginning.
Roaring Kitty bet big that he could work the same magic with Chewy as he did with GameStop two years ago. Based on the initial urgency of buyers piling in, that wager is already paying off in spectacular fashion.
Whether the Chewy frenzy kicks off a renaissance for retail-driven meme crazes or just becomes another isolated event, one thing is clear: When Keith Gill gets involved, market chaos and life-changing trading opportunities tend to follow.
Don't let the opening salvo of Meme Stock Mania 2.0 catch you by surprise. The new supernova may have just been lit - get ready to either ride or run from the pending shockwaves.
Despite his reputation as an innovative visionary, Elon Musk was blindsided by AI, showing up to the party late, without a drink in hand.
Meanwhile, other wealthy and well-connected investors are going “all in” on AI - the hottest technology the world has ever seen…
Bill Gates has 35% of his portfolio invested in two stocks leaning into AI.
Warren Buffett, a man who is known to be wary of tech, has a whopping 47% of his $375 billion Berkshire Hathaway portfolio in a single stock that’s investing billions of dollars in AI.
And Jamie Dimon, CEO of JPMorgan Chase – the world's biggest bank – makes no secret that his firm is laser-focused on artificial intelligence.
He believes AI could be as transformational as the printing press, the steam engine, electricity, computing, and the Internet, among others.
These billionaires know that early investors in AI stand to make a lot of money.
The same is true for everyday Americans... including you.
But not all AI companies are created equal.
So, the question is… which AI stock will be the next big winner? Which will make you, personally, the most amount of money?
In this short video, you’ll discover the details of what I expect to be that exact company.
It could deliver a life-changing windfall… but you’ll want to invest before August 5th.
To Your Profits,
![]() Adam O'Dell
Chief Investment Strategist, Money & Markets |