Pot stocks plunge after Reddit-fueled pop earlier this week: CNBC After Hours

Plus, CNBC's Josh Lipton breaks down the ongoing global semiconductor shortage that is snarling production schedules of everything from pickup trucks to gaming consoles.Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names.

These pot stocks were poised to extend their rallies before Thursday's open, surging in premarket trading. Shortly ahead of the market open, however, the names turned sharply lower.A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world.

Lol why do you make it about Reddit? Talk about now many shares are sold and NOT delivered? FTDs (failure to Deliver) so basically brokers are printing counterfeit shares. Talk about that.. it’s called cheating. This is going to be drop in bucket, compared to 2008 with MBS.

Sell everything else - stocks, bonds, gold, everything. Buy cryptocurrency bitcoin btc eth Ethereum xlm stellar litecoin ltc TRX ada Zilliqa

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