GameStop Shares Plummet Post-AI

This is a news story, published by Yahoo Finance, that relates primarily to Bitcoin news.

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GameStop shares

The Motley Fool

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Business

Business & Economics

Prediction: Down 66% From All-Time Highs, GameStop Could Be on the Verge of Going Parabolic. Here's the Catch Smart Investors Need to Know About Before Buying Shares Hand Over Fist.

Summary

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72% Informative

GameStop was one of the hottest stocks in the market prior to the artificial intelligence (AI) revolution.

While GameStop's share price has retracted considerably, a new strategy put in place by management could ignite interest from investors once again.

In late May , GameStop issued a press release notifying investors that the company had purchased 4,710 Bitcoin .

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now and GameStop wasn’t one of them.

For these reasons, I do not see GameStop stock as a buy right now -- despite its potential to rebound sharply as the company's Bitcoin strategy unfolds.

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English

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