Meme stocks are gaining investor interest, surpassing small-cap stocks in terms of popularity. While the Russell 2000 index has had a 3.9% gain year-to-date, the S&P 500 is approaching a 10% gain for the same period.

Several meme stocks have seen significant returns, especially after Reddit's successful IPO at $47 per share. This has led to increased trading activity in the market characterized as "momentum-driven." The focus has shifted from stock fundamentals to hype.

Below are three meme stocks that have garnered public attention:

Trump Media & Technology Group (NASDAQ: DJT)

Since former President Trump faced backlash from the media and legal battles, he has gained popularity. This was reflected in the launch of his Twitter alternative, Truth Social, which saw a surge in users. The company's market cap fluctuated between $5.6 billion and $4 billion until the ticker symbol changed from "DWAC" to "DJT." DJT shares rose by 42% in a month and have seen a 277% year-to-date performance.

Robinhood Markets, Inc. (NASDAQ: HOOD)

Robinhood stock has surged by 60% year-to-date, outpacing the S&P 500. Despite significant net losses in previous years, Robinhood reported a net income of $30 million in Q4 2023. Analysts predict an average price target of $16.58, suggesting the stock may be overbought.

Iamgold Corporation (NASDAQ: IAG)

Iamgold has seen a 28% gain year-to-date, mainly due to revenue from gold production and exploration. The company reported a 43.6% revenue growth in Q4 2023 but still had a net loss of $9.4 million. Analysts estimate an average price target of $2.95 for IAG shares.

Investors looking for exposure to meme stocks or gold mining sectors should consider these stocks at favorable price levels.

Do you prefer risky exposure via meme stocks or altcoins? Share your thoughts below.

Disclaimer: The author has no holdings in the discussed securities.