The memes of the market were back in control this week.

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I'm Travis Hoyam, joined by longtime fools, Lou the Legend Whiteman,

and she only has to survive the next hour with us.

Emily Flippin, today we're going to talk about the latest in AI,

the opening of hedge funds to more investors,

and we're going to draft our favorite stocks on the market. But we're going to start with a meme stock mania. In early 2021,

game stock became kind of the first meme stock that really went viral. The idea of an individual

stock going crazy isn't new. But this is really retail acting differently to squeeze the market, if you will,

in a bunch of different ways. And it looks like we're back this week. We saw Open Door,

GoPro, Krispy Cream, and even Coles jump. In some cases, over 100%. Emily, is this another

meme stock craze? Undoubtedly, another meme stock craze. I mean, when you think about these frenzy, they're really just bouts of coordinated crowd behavior. And these traders will pile into names with really heavy short interests, not because they love the business, although of course I do love a crispy cream donut, but really just to punish the hedge funds that are betting against it. And the targets, especially you can look in this case, usually deserve those shorts, right? Like open door, GoPro, Coles. They've all had

really clear operating issues and just faced really big headwinds, but prices can still

skyrocket once that craze begins and those shorts start to get squeezed. But interestingly,

as much as we like to blame Reddit and Robin Hood hype for why retail investors do this,

which really going on and what's really driving this is actually the way the market just fundamentally

works in these day and age. Like multi-manager hedge funds, they're called pod shops. They largely

force each sector manager who operates within that hedge fund to be long one name and short another

so that their

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