Are Reddit Investors Fleeing to GameStop and Gold?

April 18, 1:11 pm

Each day, AltIndex tracks Reddit mentions and sentiment for thousands of stocks, helping investors spot shifts in market sentiment before they hit the headlines. This week’s data (see full list at the end of the article) paints a fascinating picture: while most of the market is flashing red in terms of sentiment, two assets are clearly standing out - GameStop and Gold.

Reddit Stocks Heatmap

S&P 500 Dominates Mentions, But Sentiment Turns Bearish

The SPDR S&P 500 ETF (SPY) was the most mentioned asset across Reddit’s investment forums last week. Given the recent spike in volatility - largely triggered by Trump's “Liberation Day” tariff announcements - this level of attention is no surprise. What is surprising, however, is just how bearish the sentiment is. Investors are clearly nervous, with posts showing a high level of concern about further macroeconomic instability.

Despite being up 0.5% in the last week, the S&P is still down 6% over the past month, reflecting broader unease and uncertainty in the market.

GameStop is Back - And Reddit Is Bullish

Right behind the S&P in terms of mentions is a familiar name: GameStop. Long a favorite among Reddit traders, GameStop (GME) is once again making headlines in subreddits - not just for nostalgia or memes, but for genuine investor interest. What sets it apart this time is sentiment: unlike the rest of the market, Reddit is bullish on GameStop.

GameStop's stock is currently trading at $26.78, up 5% over the last week and 15% over the past month. That kind of price movement, combined with top-tier sentiment and mentions, makes it a standout in this week's data. Whether this is the start of another retail-led surge or just a brief rally remains to be seen - but Reddit clearly hasn’t given up on GME.

Gold Glimmers in Uncertainty

Another interesting standout is SPDR Gold Shares (GLD). Amid stock market uncertainty, many Reddit users are turning to gold as a traditional safe haven. GLD made it into the top 20 most mentioned assets, and it ranks as the second most bullish in terms of sentiment - trailing only GameStop.

GLD is currently trading at $306, up 5% over the last week and 10% over the past month. With momentum building and retail attention growing, gold is proving once again that in times of uncertainty, it shines brightest.

Reddit Mentions for GLD have been increasing in the last week

Tech Giants in the Red

Even reliable tech favorites aren’t immune to the current wave of bearishness. Tesla, Apple, and Google are all among the most discussed stocks on Reddit - but unlike past weeks, the tone has shifted. All three are showing bearish sentiment, which is especially unusual given their historical popularity and strong fundamentals.

This could indicate a broader risk-off sentiment, where even growth darlings aren’t being spared.

Conclusion

This week’s Reddit sentiment shows a clear divide: while the broader market - particularly the S&P 500 and mega-cap tech - is viewed with caution, retail investors are hyping GameStop and Gold. Whether it’s a tactical pivot or a deeper signal of changing retail sentiment, these trends offer valuable insights for anyone watching the markets closely.

At AltIndex, we’ll continue tracking these shifts in real-time, so you can make smarter, data-backed investment decisions. Sign up to get real-time Reddit Alerts, AI stock picks, and more alternative stock insights.

Reddit's Most Talked About Stocks

Company		Mentions	Sentiment	Price	AI Score
	SPDR S&P 500 ETF SPY	3,952 39.8%	Bearish	$526.41 1.4%	45
	GameStop GME	3,146 50.6%	Bullish	$26.78 1.4%	42
	Tesla TSLA	2,890 39.6%	Bearish	$241.37 4.3%	43
	NVIDIA NVDA	2,813 31.1%	Bullish	$101.49 8.5%	53
	Apple AAPL	1,991 15.5%	Bearish	$196.98 0.6%	42
	Google GOOG	849 15.5%	Bearish	$153.36 0.6%	56
	Robinhood HOOD	763 22.6%	Bullish	$41.18 5.7%	55
	Netflix NFLX	697 190.4%	Neutral	$973.03 6%	52
	Block XYZ	661 22%	Bearish	$53.90 0.1%	38
	Google GOOGL	653 65.4%	Bearish	$151.16 3.8%	46
	Fox News FOX	643 50.8%	Bearish	$44.57 2.4%	55
	Invesco QQQ QQQ	639 35.8%	Bearish	$444.10 2.3%	44
	Meta META	617 32.9%	Bullish	$501.48 7.7%	39
	Amazon AMZN	568 57.2%	Bearish	$172.61 6.6%	38
	Nasdaq NDAQ	563 37.6%	Bearish	$72.18 0.9%	56
	Spotify SPOT	516 35.9%	Bullish	$574.25 5.6%	65
	SPDR Gold Shares GLD	496 140.8%	Bullish	$306.12 2.7%	51
	Gap GAP	495 30%	Bullish	$19.13 2.8%	46
	Vanguard S&P 500 ETF VOO	468 46%	Bullish	$483.90 1.4%	47
	TSMC TSM	461 0.4%	Bearish	$151.74 3.4%	63

Disclaimer: The information provided is for educational and informational purposes only and should not be construed as financial or investment advice. All investments involve risk, and you should conduct your own research or consult a qualified professional before making any investment decisions.

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