Meme Stock Rally Reignited as White House Tweet Boosts GameStop (GME.US) Shares

Stock News
Oct 27

GameStop (GME.US) shares rose in early Monday trading after the White House retweeted the video game retailer's announcement about the popular Xbox title *Halo* making its debut on Sony's (SONY.US) PlayStation platform. The stock surged 7.7% in premarket trading amid renewed meme stock momentum before paring gains to around 3% at the open.

On Saturday, GameStop announced via X (formerly Twitter) that *Halo: Combat Evolved* would launch on PlayStation in 2026 with cross-platform play support. This marks a turning point in the long-standing "console wars" between Microsoft (MSFT.US) and Sony, as the *Halo* franchise has been an Xbox exclusive since its early 2000s debut.

The White House amplified the news Sunday night by resharing GameStop's post alongside an animated image of former President Trump saluting the flag in combat gear, captioned "Power to the Players." Year-to-date, GameStop shares have declined 25.7%, underperforming the S&P 500's 15.6% gain over the same period.

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