Newegg Commerce (NEGG) Stock Rockets on AI & “Meme” Hype — 688% YTD Gains, CEO Upgraded to Board
Newegg shares jumped 40.8% to close at $66.72 on Oct 24, following a 7% gain the previous day and heavy trading volume. The stock is up roughly 500–600% over the past year, despite sharp volatility. In August, Newegg reported H1 2025 sales of $695.7 million, up 12.6% year-over-year, and turned profitable on an adjusted EBITDA basis. CEO Anthony Chow cited new GPU/CPU launches as key growth drivers.
