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gamestop-stock-hit-record-high-after-reddit-backed-short-squeeze VG247

GameStop stock hit record high after Reddit-backed short squeeze

GameStop stock surged to its highest recorded share price over the weekend, hitting $76.76 per share on Friday, up nearly 80% in a single day.GameStop’s stock had been steadily rising for the past week, coming up from nearly $20 per share on January 12 and hitting the peak value on Friday thanks to an ongoing campaign from users on the subreddit WallStreetBets and some campaigns by YouTube and TikTok investment accounts (thanks, GamesIndustry.biz).As per Bloomberg (paywall), Friday’s flurry of Reddit-fuelled day-trading made GameStop (or GME) the most actively-traded US stock on the day and even causing trading to be halted multiple times…

nvidia-says-rtx-30-gpus-will-be-in-short-supply-until-april VG247

Nvidia says RTX 30 GPUs will be in short supply until April

By Alex Calvin, Friday, 15 January 2021 12:48 GMT You’re going to have a hard time finding the green giant’s latest and greatest graphics tech for sometime yet.Graphics specialist Nvidia has said that there’s going to be limited stock of its RTX 30 cards for the next few months.Speaking at the 19th Annual J.P. Morgan Tech/Auto Forum Conference – as reported by Seeking Alpha – the company’s chief financial officer Colette Kress admitted that it hadn’t been able to keep supply level with demand. The exec said that there wasn’t much stock in the pipeline at the moment and that…