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By Krystal Hu and Sinéad Carew NEW YORK (Reuters) - Joe Youngblood, who works in digital marketing in Dallas, Texas, bought his first share of GameStop at $98 in early February and found his investment cut in half in a matter of days. After a wild ride, he is now up more than 200% and expects the video game retailer to initiate a much-awaited turnaround of its business. I am kicking myself for not buying more when it dropped below $50, said Youngblood. After research I believe GameStop has a good chance to pull it off. The latest resurgence in GameStop shares has reinvigorated true believers. Still, many analysts point to the rally in beaten-down meme stocks championed in forums such as Reddit s WallStreetBets as evidence for speculative excess in stimulus-fueled markets.

United statesDavid gregorioMichael pachterRandy frederickSaqib iqbal ahmedDavid kellerJoe youngbloodMegan daviesReddit wallstreetbetsIra iosebashviliEric diazRyan cohenSchwab centerChewy incFinancial researchReddit raiders