10 Big Names Already Crushing This February

3. GameStop Corp. (NYSE:GME)

GameStop grew its share prices by 8.25 percent on Monday to finish at $25.85 apiece as investor sentiment was bolstered by a billion-dollar acquisition program which it expects would support its ambition to becoming a $100-billion entity.

In an interview with CNBC last week, GameStop Corp. (NYSE:GME) CEO Ryan Cohen said that the firm would acquire a very big company, which could be either genius or totally foolish. He did not divulge further details about the firm.

Cohen added that the planned acquisition is going to be “transformational not just for Gamestop, but ultimately, within the capital markets.”

“This is something that really has never been done before within the history of the capital markets,” he noted.

GameStop Corp.’s (NYSE:GME) ambition followed an equity incentive program for Cohen in January that will only pay out if it reaches a $100 billion in market capitalization and earnings before interest, tax, depreciation and amortization of $10 billion.

Cohen took over as chief in September 2023 and has since been successful in cutting costs and growing GameStop Corp.’s (NYSE:GME) profitability.

In the third quarter last year, the company grew its net income by 343 percent to $77.1 million from only $17.4 million in the same period in 2024, bringing its nine-month tally to $290.5 million versus none year-on-year.