Roaring Kitty is like a rock star coming out of retirement for a surprise concert!

Alright folks, let’s talk about VinFast! This stock just shot up 51.5% to close at $4.56. Now, you might be thinking, “Wow, did they cure cancer? Did they invent teleportation?” Nope, none of that. There was no big news or fancy analyst upgrade. It’s just a confluence of events that made this stock jump like a kangaroo on a trampoline.

One major player here is the meme stock rally. You know, those stocks that move not because of any solid fundamentals but because a bunch of traders decided to play musical chairs with them. AMC Entertainment and GameStop, those meme stock OGs, skyrocketed over 70% because “Roaring Kitty”—yes, that’s his name—posted on Twitter for the first time since 2021. It’s like a rock star coming out of retirement for a surprise concert!

And then there’s the whole short interest thing. Basically, this is when bearish investors bet against a stock, hoping it’ll drop so they can make some cash. AMC’s short interest is around 21%, GameStop’s is about 24%, and VinFast’s is 15%. To put that in perspective, the average S&P 500 stock is just at 2%. So these stocks are basically catnip for the short-seller crowd.

But wait, there’s more! EV stocks were having a party on Monday. Zeekr, a Chinese EV maker, started trading its U.S.-listed shares and they shot up 35% on Friday and another 2.8% on Monday. When one EV stock pops, it’s like the entire sector gets a caffeine boost. Rivian and Lucid Group also jumped, 9.1% and 5.6% respectively.

Despite VinFast’s big leap, let’s not get too excited. The stock is still down about 50% for the year. More competition and slowing demand for electric vehicles are like a wet blanket on investor enthusiasm.

So there you have it! Stocks jumping all over the place for reasons as solid as a wet noodle. But hey, that’s the market for you!