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Newly minted meme stock darling AMTD slides after eye-popping surge

Newly minted meme stock darling AMTD slides after eye-popping surge
Shares of $AMTD Digital(HKD.US)$ plunged 40% on Wednesday to snap an eye-popping rally fueled by retail investors this week that briefly took the Hong Kong-based fintech's market value past that of $Meta Platforms(META.US)$ .
The company's market capitalization closed above $300 billion in a 128% jump on Tuesday, reminding investors of the meme stock mania last year that drove record rallies in shares of companies such as $GameStop(GME.US)$ and $AMC Entertainment(AMC.US)$ .
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