Newegg shares fell 17% in premarket trading,as rose nearly 150% on Wednesday.
Newegg is one of the largest tech retailers in the country, and now, it’s a retail investor favorite for an upcoming moonshot.
With the GPU shortage still an issue, Newegg’s recently announced PC parts lottery is a very welcome event. Through the lottery, customers will be able to buy the newest line of GPUs from Nvidia(NASDAQ:NVDA). The company is also implementing a custom PC building service, allowing the retail giant tocompete with bespoke PC crafterson a commercial level.
These additions by Newegg are pushing the stock higher. However, there is more driving NEGG stock skyward . It seems social media investors think Newegg could be the nextGameStop(NYSE:GME) or AMC Entertainment(NYSE:AMC).
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