Top 5 stocks mentioned on Reddit's WallStreetBets right now

Keep an eye on which shares are hotly discussed in the forum that brought the term 'meme stock' into the mainstream.

| More on:
A hand chalks the word Top 5.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you can believe it, it's now one year since the GameStop Corp. (NYSE: GME) short squeeze exploded into the public consciousness.

That episode, which saw shares for the video game retailer rise 1,500% in just a fortnight, brought mainstream attention onto the Reddit forum r/wallstreetbets.

The group plan to buy up GameStop stock to inflate its flagging share price was allegedly hatched in that discussion channel.

The term "meme stock" had well and truly arrived.

Crowd-picking stocks on social media and online chats has become so influential that institutional investors are now reportedly keeping a close eye on these forums.

As such, it's always interesting to keep tabs ourselves.

So let's take a look at the 5 most-discussed stocks on WallStreetBets as of Tuesday January 11 Australian time, thanks to statistics from Swaggy Stocks:

  1. Tesla Inc (NASDAQ: TSLA)
  2. GameStop Corp
  3. Tilray Inc (NASDAQ: TLRY)
  4. Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
  5. Nvidia Corporation (NASDAQ: NVDA)

Electric cars, cannabis and computer chips

Electric car maker Tesla needs no introduction, and regularly features among the most-discussed shares on Reddit.

After multiplying its share price 8-fold in 2020, punters were certainly interested in whether Elon Musk's company had become overvalued.

The bulls won out in 2021, seeing their shares increase another 50%.

The debate apparently still continues in 2022.

Tilray is a Canadian cannabis company that grows the plant in Canada and Europe and then sells it into the fast-growing US market.

The company listed on the NASDAQ in July 2018 with an initial public offer price of US$17 per share.

Many of those original investors may have left by now, with the share price languishing at US$7.29. It has lost 41% of its valuation just in the past 12 months.

Are the Redditors planning a crowd-induced surge?

Invesco QQQ Trust is an exchange-traded fund that tracks the NASDAQ-100 (NASDAQ: NDX) index.

With a heavy technology bias, the ETF has lost about 4.5% since the start of this year, so there may be some debate on WallStreetBets about buying the dip.

Rounding out the top 5 is chipmaker Nvidia.

Despite its origins in graphics processing units, the company has seen spectacular growth thanks to its innovations in artificial intelligence and data analytics.

Shareholders have enjoyed a marvellous ride, with the Nvidia stock price surging more than 10-fold over the past 5 years.

But despite still doubling over the past 12 months, the stock has cooled considerably in recent weeks. Since 7 December, Nvidia shares have lost 15.5%.

No wonder there is some discussion on Reddit as to whether it's a buying opportunity.

It's worth noting that Reddit is itself planning to list publicly this year, confidentially filing for an initial public offer last month.

No doubt Reddit shares will also make an appearance soon as one of the most-discussed shares.

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on International Stock News

A woman sits at her desk thinking. She is surrounded by projections of world maps on various screens with data appearing below them.
Share Market News

Will ASX shares outperform global equities in FY26?

Global equities have delivered superior growth for 3 consecutive years. But is the tide turning?

Read more »

happy woman looking at her laptop with notes of money coming out representing financial success and a rising share price and dividend yield
International Stock News

Up 26% since April, can the S&P 500 keep charging higher into 2026?

A top broker unveils three scenarios S&P 500 investors should keep a close eye on.

Read more »

Family watching Netflix.
International Stock News

Is Netflix stock a buy, sell, or hold in 2025?

The top streaming stock continues to crush the market, with shares up 30% in 2025 through July.

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
International Stock News

Microsoft stock soars on the back of AI. Can the momentum continue or is it too late to buy the stock?

The tech giant turned in a speculator quarter to end its fiscal year.

Read more »

A US flag behind a graph, indicating investment in US shares.
International Stock News

Berkshire Hathaway has now fallen behind the S&P 500. How might it finish the year?

There's a simple reason Berkshire hasn't been firing lately.

Read more »

Happy woman on her phone while her electric vehicle charges.
International Stock News

Prediction: Buying Tesla stock today could set you up for life

The Elon Musk-led company remains the best positioned to win out in the robotaxi market.

Read more »

Piggy bank rocketing.
International Stock News

3 reasons why Microsoft just joined Nvidia in the $4 trillion club

Microsoft is backing up its record market cap with AI-driven innovation.

Read more »

AI written in blue on a digital chip.
International Stock News

Is Nvidia stock still a buy?

The AI titan's stock has outperformed again in 2025. Is it still a top buy?

Read more »