Investors are desperate for growth, and the prospect of investing in a company that could 10x in value over a very short span of time is just so tempting.

It might seem outlandish, but there are many startups that have exploded right after IPO recently, so investors are asking themselves, what's the next hot stock, and how can I spot it before its valuation explodes?

Because of perceived future value, and if you had only certain avenues to bet on , then tech would be at the top. Added to that, gamified platforms like Robinhood, where there are a whole bunch of new, inexperienced investors. Robin hood added like 3 million customers in the months after covid.

They're anticipating a greater fool comes along. Foolish retail investors invest in hype.