Could Newegg Stock Blast Off Once Again?

·4-min read
Could Newegg Stock Blast Off Once Again?

Over the past few days, meme stock Newegg Commerce (NASDAQ: NEGG) has not been particularly kind to its shareholders, especially those who put all their eggs in that basket. Its share price Tuesday was down 65% from the multiyear intraday high it shot up to earlier in July. There has been a lot of hype surrounding recent additions to Newegg's retail offerings -- graphics cards built around NVIDIA's GeForce RTX 30 Series GPU, which is coveted by gamers and cryptocurrency miners alike.

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