GameStop's biggest hurdle to index inclusion could be its lack of long-running profitability.
"The meme stock phenomenon is here to stay," Matthew Tuttle told Insider. "It'll pause from time to time. The stocks will switch from time to time."
Insider shares advice from experts to help you spot meme stock surges driven by retail investors on social media and Reddit's Wall Street Bets.
Being short-squeeze candidates, AMC and GameStop stocks both usually experience high volume-buying when they break above recent trading highs.
The Kynikos Associates boss has taken aim at Tesla CEO Elon Musk, and compared Warren Buffett's business model to short selling.
The group of companies runs the gamut in terms of underlying financials, from pandemic winner Zoom to never-profitable Plug.
The Chewy cofounder spent $76 million on a GameStop stake worth nearly $2 billion today, thanks to the meme stock's surging price.
On the popular Reddit forum, one user - in a post that was upvoted over 20,000 times - exclaimed: "GME GANG IS BACK."
As traders look to replicate the success of Wall Street Bets stocks, one data aggregator is compiling the most mentioned stocks on the subreddit.
GameStop was the most discussed stock on Reddit's Wall Street Bets, mentioned 830 times in the last 24 hours.
Greenblatt's Gotham Asset Management previously owned as many as 1.2 million GameStop shares and 550,000 AMC shares.
Buffett dumped about $1.2 billion worth of pharma stocks, while Burry bet against Cathie Wood's flagship ETF and Elon Musk's Tesla.
Massive meme-stock trading caused Robinhood to put in place controversial trading limitations and raise $1 billion in cash from investors.
The $17 billion hedge fund suffered a 53% loss in January and ended the first half down 46% following its disastrous GameStop bet.
Ensign Peak Advisors sold its 46,000 GameStop shares for as much as $14 million, and cut its Tesla stake to $382 million last quarter.
"It takes two to tango," CEO Adam Aron said on an earnings call. "We're willing. We have not reached out to GameStop yet, but we intend to do so."
The Kynikos Associates boss called out retail investors for complaining despite GameStop and AMC's massive gains this year.