GameStop stock defies broader market slump as meme mania endures

GameStop has retained its meme stock status even as other former darlings have faded.
Investors remain bullish on GameStop due to its ambitious turnaround plans led by chairman Ryan Cohen.
Analysts have warned that GameStop's stock price may not align with fundamentals.
GameStop faces challenges transforming its brick-and-mortar business model for the digital era.
The meme stock phenomenon reflects shifts in retail investing and tests conventional valuation methods.