What gets me is non hedge fund institutions purchasing meme stocks and it does NOTHING for the stock, ala California Teachers Retirement which is the 2nd largest public pension asset in the U.S. purchasing nearly 700k of AMC stocks. Swiss National Bank 800k of AMC stocks.
https://www.barrons.com/articles/amc-stock-snowflake-tilray-berkshire-hathaway-51637699576
https://www.barrons.com/articles/swiss-bank-bought-amc-stock-uber-lyft-sold-mcdonalds-51628633048