The conservative cable channel Newsmax has seen dramatic movements in its stock price following its initial public offering (IPO). Shares skyrocketed by over 2,200% in just the first two days, peaking at a market valuation exceeding $20 billion, making it momentarily more valuable than major competitors like Fox. However, this meteoric rise was short-lived, as the stock subsequently plummeted nearly 80%, raising concerns about its valuation and sustainability. The surge and subsequent fall have drawn comparisons to other meme stocks, reflecting a volatile trading environment driven by investor enthusiasm within the Trump-aligned media landscape.