💰 Today’s biggest Ripper is selling pickaxes to gold miners. Except in this case, the pickaxes are computer hardware and the gold is Bitcoin. Canaan is a company that builds ASIC miners, a piece of computer hardware used to mine Bitcoin. They then sell the hardware to companies setting up large mining rigs. $CAN rose 50% against Bitcoin’s 5.8% jump today. They were joined by $RIOT and $MARA, two crypto mining companies which rose over 28%.
🎮 GameStop is back in the news after its stock surged for a fifth day. $GME recently announced that the company’s biggest shareholder, Ryan Cohen, would come onboard to help build GameStop’s new e-commerce strategy. Cohen picked up $GME with the intention to help build it as an activist investor. On the news, $GME surged 100% this week. It is now down just 28% from it's all-time-high of $483.
⚡ Investors piled back into tech stocks after their worst sell-off since November. Among them were Tesla. $TSLA rose over 20% today, helping the tech-heavy NASDAQ 100 index to its best day so far in 2021. It also helped Cathie Wood’s $ARKK which counts Tesla as its biggest holding, have its best day in history - rising over 10%.