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NEWS
It’s “Game On” For Bulls

Source: Tenor

The macroeconomic environment remains messy, with consumer confidence in the economy plunging to a 12-year low. Still, stock market bulls are attempting to continue their recent momentum as tariff fears dissipate and big tech bounces. 👀 

Today’s issue covers GameStop trying to game the system, the Stocktwits community looking past CoreWeave’s bear case, and more from the day. 📰

Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with communication services (+1.27%) leading and utilities (-1.60%) lagging.

Source: Finviz

And here are the closing prices: 

COMPANY NEWS
GameStop Tries To Game The System 🕹️ 

Meme stock GameStop has been trending heavily over the last week in anticipation of today’s earnings report delivering a positive catalyst. So far, it has provided a bit of a bump for the bulls, but not because of its business results.

The company’s net sales in 2024 fell nearly 28% YoY, with SG&A expenses only falling about 15%. Adjusted EBITDA was $36.1 million vs. $64.7 million in 2023. And yes, it has tons of cash on hand (nearly $5 billion), it’s not because of its operations.

Yes, cash flows from operations are positive, but the company’s main problem is tumbling revenues. Much like AMC, which is betting on Hollywood blockbuster movies to bail them out, GameStop is seemingly waiting for the next console upgrade cycle to help drive business. 🎮️ 

Until then, it’s just cutting costs, hanging out, and now…investing in Bitcoin!

The Board of Directors updated the company’s investment policy to add Bitcoin as A Treasury Reserve Asset. While the company hasn’t stated how much Bitcoin it will buy or when (thanks to not holding a conference call again), the policy’s mere existence has investors and buyers turning bullish. 🪙 

Traders are looking for the short-term momentum to continue, as shares rise 7% in the after-hours session. Time will tell if Strategy’s approach works as well for GameStop as many think, given its strong balance sheet and improving cash flows.

Source: Stocktwits

Since we’re talking memes and Bitcoin, we might as well mention Dogecoin’s surge after House of Doge bought 10 million tokens for the strategic reserve. Plus, other companies like KULR Technology are hopping on the Bitcoin bandwagon. 🤑 

Meme assets, unite! 🫡 

SPONSORED
Pre-IPO startup topped Meta’s VR store charts, then built Visor to overtake them

Source: Immersed

Meet Immersed, the pre-IPO company revolutionizing how professionals work using AR/VR. As the top most-used app on the Meta Quest Store, Immersed partnered with the AR/VR tech giants to bring AI-powered virtual workspaces to professionals worldwide. Now, Immersed is taking the next leap—building the ultimate Spatial Computer, projecting over $70M in revenue.

Immersed’s Visor is the world’s lightest AI-powered, work-focused AR/VR headset that weighs just 6 ounces. Visor not only looks sleek, but replaces multiple 4K monitors, optimizes focus, and transforms remote collaboration. It’s 70% lighter weight than the Meta Quest and Apple Vision Pro at just ¼ of the Vision Pro’s price, poised to disrupt the computing market.

Immersed is allowing the public to join as pre-IPO shareholders before this round closes:

• Proven Success: #1 work app in XR, millions in revenue

• Tech Giant Partnerships: Google, Samsung, Meta & more

• AI-Powered Productivity: Curator AI automates workflows & boosts focus

• Massive Market Growth: AR/VR projected to grow 700%+ in the next decade

Immersed already redefined work in AR/VR—now it’s building the future of computing itself. Invest in a market-disrupting company and join them as a shareholder before they go public.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.

IPOS
Making The Case Against CoreWeave 😬 

Nvidia-backed CoreWeave is one day closer to its IPO, and the opinions continue to float in. DA Davidson initiated coverage with a neutral rating and a $47 price target, the lower end of its expected IPO pricing range ($47-$55).

The analysts view the company as a “highly levered” way for Microsoft to offload less desirable workloads and for Nvidia to leverage a small investment into a very large customer. It sounds like there are a lot more benefits for the big boys than for CoreWeave. 🤔 

Daily Rip Live’s Shay Boloor outlined his view of the company, expressing similar skepticism about the company’s claim that it’s the fourth major AI hyperscaler. They’ve got customer concentration and competition risk, and are a highly capital-intensive business. We’ll have to see if the sexy story Wall Street is selling can justify the nearly $30 billion valuation or if shares flop on opening day.

$NVDA-backed CoreWeave is set to begin trading on Friday…

What do you need to know?

@StockSavvyShay and @katieeperry break it down 👀

— Stocktwits (@Stocktwits)
4:02 PM • Mar 25, 2025

However, the Stocktwits community remains optimistic, with sentiment in ‘extremely bullish’ territory. Roughly 53% of poll respondents are bullish on the IPO, citing cloud infrastructure as the key to AI growth…and CoreWeave as a major player in the space. Time will tell, but the debate is definitely heating up. 🐂 

Source: Stocktwits

Think you know what price the company will come public at on Friday? Drop your guess on the post below for a chance to win one year of Stocktwits Edge.  🎫 

<blockquote align="center" class="stocktwits-embedded-post" data-origin="https://stocktwits.com" data-id="609175140"

🚨 Giveaway Time! 🚨

Nvidia-backed CoreWeave is set to debut on Nasdaq this Friday under ticker $CRWV — and we’re giving away 1 year of Stocktwits Edge to the person who guesses its opening price!

To enter:
✅ Add $CRWV to your watchlist
✅ Drop your opening price prediction in the comments

📅 Reply by Friday at 9am EDT to qualify.
Find more events on the $STOCKTWITS stream.

📜 See full terms: https://docs.google.com/document/d/1N5lEH5jJorOpooo9kqwdws0iDW6nrxct/edit?usp=sharing&ouid=117813931910054018494&rtpof=true&sd=true

STOCKS
Other Noteworthy Pops & Drops 📋️ 

Cassava Sciences ($SAVA -33%): The biotech tumbled after reporting that its oral drug Simufilam did not yield positive results in patients with mild to moderate Alzheimer’s disease in its Phase 3 study. The drug showed no treatment benefit. Cassava added that it would discontinue the Alzheimer’s disease development program with Simufilam by the end of the second quarter of 2025.

Merck ($MRK -4.5%): Entered into an exclusive license agreement with China-based Jiangsu Hengrui Pharmaceuticals Co. for an investigational oral drug for heart disease called HRS-5346. Under the agreement, Merck will have the exclusive rights to develop, manufacture, and commercialize HRS-5346 worldwide, excluding the Greater China region.

CorMedix ($CRMD -31%): Its first-half 2025 outlook fell short of analysts, though the company assured investors it has enough resources to fund its operations for at least twelve months. As of the ned of 2024, it had cash equivalents of $51.7 million.

Affirm ($AFRM -3%): The buy now, pay later company deepened its multi-year agreement with J.P. Morgan Payments. U.S. merchants using its Commerce Platform will now offer the BNPL provider’s flexible and transparent plans at checkout.

United Airlines ($UAL -1%): Announced another investment in its Houston hub and broke ground on its new 140,000-square-foot Ground Service Equipment Maintenance Facility at George Bush Intercontinental Airport (IAH). It expects the $177 million Ground Service Equipment (GSE) maintenance facility to open in 2027.

Cloudflare ($NET +3%): Bank of America double-upgraded the stock from ‘Underperform’ to ‘Buy’ and raised its price target from $60 to $160. The analysts placed a “high probability” on Cloudflare emerging as a leader in AI-as-a-Service.

Tesla ($TSLA +4%): The electric vehicle maker’s market share in Europe slumped during February, with data showing Tesla registrations fell 40% MoM and 42.6% YoY. Meanwhile, battery electric vehicles rose 26.1%, with Volkswagen keeping its top spot in the geography with a 26.8% market share.

Lemonade ($LMND -1%): The digital insurance company disclosed that it has surpassed $1 billion of In Force Premiums are the policies for which a policyholder continues to pay premiums, making them active policies. The milestone comes 8.5 years after selling its first policy, marking a 150% compound annual growth rate.

American Water Works ($AWK -0.4%): Fell for the sixth consecutive day of declines, after CEO M. Susan Hardwick announced plans to invest between $40 billion and $42 billion in its water and wastewater infrastructure over the next decade.

PRESENTED BY STOCKTWITS
Don’t Miss This Week’s “Trends With Friends” 👀 

Howard, Phil, and Michael are joined by Charles Gillespie, CEO of Gambling.com, to discuss the future of gambling, regulation, AI, and the global economy. 

They touch on everything from online betting and affiliate marketing to Nvidia’s chip roadmap and Apple’s AI moment as they explore how technology and degeneracy collide in today’s markets. So roll the dice and watch the episode below! 🎲 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Durable Goods Orders (8:30 am), Fed Kashkari Speech (10 am), Fed Musalem Speech (10:10 am), EIA Energy Inventories (10:30 am). 📊

Pre-Market Earnings: Chewy ($CHWY), Canaan ($CAN), Dollar Tree ($DLTR), JinkoSolar ($JKS), Paychex ($PAYX), Cintas ($CTAS), Cheetah Mobile ($CMCM), Allurion Technologies ($ALUR). 🛏️

After-Hour Earnings: Microvision ($MVIS), Spruce Power Holdings ($SPRU), Perspective Therapeutics ($CATX), Petco Health & Wellness ($WOOF), WidePoint ($WYY), and Steelcase ($SCS). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🧑‍🏫 MarketSurge extended access sale: sign up now and save $125 for a limited time*

📺️ Han Jong-Hee, who elevated Samsung’s television business, dies

⚠️ 23andMe is looking to sell customers’ genetic data. Here’s how to delete it

😨 Consumer confidence in where the economy is headed hits 12-year low

👀 SOL token climbs after BlackRock expands to Solana, Fidelity eyes ETF – but retail remains wary

🏠️ Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says

😐️ Crypto traders bet on SEC’s Ripple decision to drive XRP ‘mass adoption’ – but retail sentiment remains split

🚀 MOVE token rockets after Binance freezes alleged market manipulator’s assets, Movement Foundation plans buyback – retail traders cheer

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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