From Nasdaq

June 12, 2025 10:00 AM:

Investors are shifting focus from companies like Nvidia and Palantir Technologies to GameStop (NYSE: GME), once a Wall Street darling now down 66% from all-time highs. A new strategy change has sparked interest, but declining revenue remains a challenge. The hype around GameStop peaked during a short squeeze triggered by Reddit forum r/wallstreetbets.

GameStop recently made headlines by purchasing 4,710 Bitcoin, a move that initially caused a drop in its stock price. While the decision raised eyebrows, a similar strategy by MicroStrategy led to a surge in its stock price. As GameStop’s revenue declines, the company’s future growth prospects remain uncertain.

Despite GameStop’s latest Bitcoin purchase, experts caution against investing in the stock. The move is seen as a performative attempt to attract attention, making GameStop more of a meme stock than a solid investment. While a rebound is possible, the risks associated with GameStop make it a risky investment choice.

The Motley Fool’s Stock Advisor team advises against investing in GameStop, citing better opportunities in other stocks. The team has identified 10 top stocks with potential for significant returns, emphasizing the importance of strategic investment decisions. GameStop’s recent actions may not be enough to make it a wise investment choice in the current market.

Author Adam Spatacco holds positions in Coinbase Global, Nvidia, and Palantir Technologies. While GameStop’s Bitcoin purchase has sparked debate, experts caution against viewing the stock as a proxy for cryptocurrency investment. The company’s financial performance and future prospects remain uncertain, making it a risky choice for investors.

Read more at Nasdaq: 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.