Many investors are drawn to meme stocks because they have the potential to be very profitable. Earlier this year, meme stocks like AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME) saw their share prices soar, making investors in those companies who sold at a profit very wealthy. Or, to put it another way, the record-breaking gains AMC and GameStop saw earlier in the year were not necessarily reflective of the value of those companies.
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