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. But product hype can fade as quickly as it surges. Is there any way that Newegg stock can keep rising?
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Source Fool.com
