There was a massive meme campaign by leftists. Telling conservatives to vote for Trump in the Georgia senate runoff
Don't buy at these prices.
The gamer community bought massive amounts in the beginning.
After that there was a short squeeze. Margin calls were triggered. When that happens the bank calls the hedge funds with 2 options. Deposit money to coveer the risk of the contract, or buy stock/long options to settle the short position.
The stock goes up because banks force the hedge funds to buy the stock and by that get out of the short market.
First hedge funds who buy stock to end the risk of a short squueze have least loss. …so they all try to buy stocks as fast as possible
AMC closed 300% up