How Reddit's Top Stocks of 2023 Performed This Year

December 24, 10:24 am

This article is a followup on Reddit's Top Stocks of 2024 that received a lot of positive feedback and a couple of request to also evaluate the performance of last year's most popular stocks on Reddit.

In the fast-moving world that is the stock market, investing subreddits on Reddit have become a significant hub for real-time discussions that influence investment strategies - and, in some cases, even stock prices. When Redditors start talking, the market pays attention. That’s why we’ve been monitoring the platform's most mentioned stocks for years. The collective enthusiasm of Reddit's investing community holds undeniable power, often driving price surges and providing lesser-known companies with a chance to step into the spotlight.

However, the top-mentioned stocks list for 2023 is dominated by prominent players, and their performance this year has been nothing short of extraordinary. Out of the top 10 stocks, only one has declined in value, while the average year-to-date gain stands at an impressive 75.7%!

Let’s explore the most talked-about stocks on Reddit in 2023 and take a closer look at how they’ve performed this year.

Company		Mentions	Sentiment	Price	Chg YoY	AI Score
	GameStop GME	250,096	Bullish	$31.11	77.5%	48
	Tesla TSLA	153,971	Bullish	$465.10	87.2%	62
	NVIDIA NVDA	108,295	Bullish	$140.10	183%	71
	Apple AAPL	60,450	Bullish	$258.19	34.8%	49
	Google GOOGL	55,359	Bullish	$196.18	41%	56
	Amazon AMZN	44,287	Bullish	$229.04	50.7%	60
	Microsoft MSFT	39,034	Bullish	$439.51	17.7%	55
	Meta META	35,037	Bullish	$607.99	72.4%	66
	Robinhood HOOD	29,169	Bullish	$39.22	207.8%	65
	AMD AMD	26,927	Bullish	$126.34	14.3%	52

Analyzing Reddit's top stocks of 2023 tells us how popular stocks can perform long-term. The correlation between heightened Reddit activity and subsequent long-term stock performance underscores the platform’s capacity to flag potential growth stories. Yet, as with any data source, caution is warranted. Reddit can spotlight trends and sentiment, but it's the savvy investor who integrates this with thorough research and sound strategy.

For more information and to stay updated the most mentioned stocks on Reddit in realtime, visit Top Reddit Stocks in the past 24 hours or sign-up to receive alerts on top stocks and/or impactful news and events in stocks that you're following.

Disclaimer: At AltIndex, we download and analyze all posts and comments on the most popular investing subreddits. With this data, we measure how many times a specific stock is mentioned along with sentiment.

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