GameStop Surges Over 100%, AMC Follows; GameStop Joins Top 500 US Companies

GameStop (GME) has experienced a significant surge in pre-market trading, with its stock price increasing by over 100%, including a 105% rise at one point. This surge has propelled GameStop into the ranks of the 500 largest public companies in the United States, adding over $14 billion to its market capitalization. The stock traded around $80 in the pre-market, giving it a market cap of more than $20 billion. AMC Entertainment (AMC) has also seen substantial gains, with its stock price increasing by over 100% pre-market. The rise in these 'meme stocks' has been driven by retail investors, with Jim Cramer noted for his influence, and has resulted in significant market activity. At one point, GameStop was bid up another 124% in pre-market trading.