With SpaceX IPO happening soon there is a lot of buzz around the stock. The valuation of $1.75 trillion seems to price in a lot of future success and earnings which may limit the upside, but with it going to S&P and NASDAQ so quickly maybe it will push to $3-4 trillion within a couple weeks?
I'm undecided at this point, tending toward no.
Fucking Allbirds, the shoe company, 6x its stock price all because it said the magic AI word and retarded retail groids and algobots bought it up. Tesla, the mediocre car company, is no different; it just has a better cult leader.
Every company is in a competition to get into the S&P 500 and other indices so they can defraud retirement accounts forced to buy their hot garbage of a stock.