Finding the best meme stocks to buy can be a challenge. After all meme stocks are volatile by nature.

Other than following meme stocks online, speculators cannot predict when they will surge. These meme stocks to buy all have been on the ropes but look as if they might have a recovery in their future.

Remember that as the market weakens, some stocks may be getting dumped out of fear rather than because they have poor fundamentals or are overvalued.

One of the things that separated a true “meme stock” from a stock that just behaves like one is cash burn. Companies that continue to raise cash by diluting their investors should be avoided.

Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ:AMD) is one of the earliest meme stocks investors believed in. Before its incredible turnaround, led by Chief Executive Officer Lisa Su, AMD stock traded in the two-dollar range.

The company saddled its balance with debt. It failed to pivot its chip business with products better than the competition.

Patient investors who waited for the “AMD rocket ship” to blast off made up to 30 times their return. The stock traded as high as $164.46 in the last year.

It is in a downtrend along with the semiconductor industry. On August 29, the firm announced the launch of the Ryzen 7000 series desktop processors. The Zen 4 architecture offers customers up to 16 cores and 32 threads. The company’s supplier manufactures the chip on the 5nm process node.

Savvy investors are not expecting AMD 7000 computer chips to sell out. If proven wrong, AMD will be one of the meme stocks to buy for the long term.

After the announcement, the company earns back the title of having fastest core in gaming. Customers who delayed their purchase will order the latest AMD product. This would help AMD stock rise.

FedEx (FDX)

Neither analysts nor markets expected FedEx (NYSE:FDX) would pre-announce poor first quarter results.

FDX stock lost over 20% on September 16, 2022, when it also withdrew its guidance.

FedEx’s surprising revelation should encourage meme creators to promote the stock’s low price at these levels. In its preliminary report, FedEx said that the fiscal 2023 revenue of $23.2 billion.

This closely matches the $22.0 billion from last year. Unfortunately, operating income will fall from $1.4 billion last year to $1.19 billion. Its earnings per share of $3.33 are lower than last year’s $4.09 EPS.

FedEx expects a shortfall of around $500 million in revenue. FedEx Express is experiencing macroeconomic weakness in Asia. China’s zero Covid policy and a drought disrupted output. In Europe, high energy prices are hurting demand. This in turn weakened FedEx’s parcel delivery volumes making it one of the meme stocks to buy on weakness.

GameStop (GME)

GameStop (NYSE:GME) has loyal shareholders who will not sell at any cost. The company’s horrendous quarterly report did not scare bulls.

This suggests that GME stock will outperform the index as the stock market risks crashing.

In the second quarter, the used game and console retailer reported net sales of $1.136 billion. This is down from $1.183 billion last year. Although selling, general, and administrative costs fell to $387.5 million, down 14.3% sequentially, it lost 35 cents a share (non-GAAP).

Chances are high that memes will circulate its digital assets pivot through its new FTX partnership. On September 7, 2022, it announced that it would introduce more GameStop customers to FTX’s community and its marketplaces for digital assets.

FTX and GameStop offered few details on the new partnership. Once it reveals the mystery, markets will re-evaluate GameStop’s prospects in the cryptocurrency exchange space. Still and as ever GME is one of the original meme stocks to buy.

NVIDIA (NVDA)

Nvidia (NASDAQ:NVDA) is a good candidate for becoming the next meme sensation. On September 16, 2022, the media reported that EVGA, a channel partner, would exit the graphics card market.

EVGA shared its pains in selling Nvidia cards. The channel partner said that Nvidia did not offer basic pre-launch information about its new products.

Fortunately, markets did not share EVGA’s view that Nvidia did not value its channel partners. On September 19, 2022, NVDA stock rose by 1.39%. Still, partners needed to find out about pricing and product information on the launch day.

EVGA may have exited the market because it operated at higher costs than other suppliers. It did not want break-even profit to losses from here.

Nvidia’s upcoming RTX 4000 series is a critical inflection point for the gaming firm. Nvidia could become a meme stock if this powerful graphics card price appeals to the retail customer.

Nvidia needs this launch to convince customers not to buy the current generation GPU. After crypto mining crashed, the supply of used cards flooded the market. Lower prices for used cards pressure Nvidia’s profits.

Nvidia might demand a premium price from its gaming fans. This is still bullish for the stock since it lifts profit margins. The company might bet that customers choose the upcoming high-performance RTX 4000 over the cheaper RTX 3000 cards.

Invesco QQQ Trust (QQQ)

Invesco QQQ Trust (NASDAQ:QQQ) tracks the Nasdaq index. Technology-savvy investors would naturally bet on the QQQ stock to rise.

The world’s biggest firms like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) account for over 20% of this ETF.

The tech sector overall may fall as the market crashes. However, Apple recently refreshed its iPhone and Apple Watch line-up. Meme investors may bet that Apple fans cannot live happily without upgrading. Inflation will hurt the average consumer’s disposable income. Yet if Apple customers have above-average income, they can afford to upgrade.

Microsoft pivoted away from selling software toward annual subscriptions. No corporate worker or student may enjoy productivity without Office 365. Since subscription revenue growth will not slow, investors may hold MSFT stock through the QQQ ETF holding.

Eventually, the market’s decline will end. The tech sector will rebound first. Companies are nimble. They will grow the fastest as corporate customers increase software and computer hardware spending.

iShares 20+ Year Treasury Bond ETF (TLT)

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is the last asset class that will become a meme. Still, the 30-year bond is one of the most important assets to watch.

The more the yield on this bond rises, the more likely stocks will crash.

TLT stock is a suitable meme because the 30-year bond price needs to stop falling. Eventually, investors will bet that yields will peak. They will accumulate government-backed debt.

The U.S. government’s hawkish interest rate policy increases the attractiveness of debt and U.S. currency. U.S. assets are the most attractive compared to that offered by any other country.

Chances are high that the relatively optimistic view of U.S. debt will not change. The U.S. dollar could stay strong in uncertain times.

Fearful investors will park their cash in this currency. Furthermore, the Federal Reserve will raise interest rates steadily in the next few months. When rates eventually peak, this will help TLT break out from its downtrend.

Tesla (TSLA)

Tesla (NASDAQ:TSLA) faces minimal competition from emerging electric vehicle firms.

The company built Gigafactories around the world. It secured supply deals to lock the best prices. Companies like Lucid Group (NASDAQ:LCID) and Fisker (NYSE:FSR) are very late in entering the market.

Tesla’s early entry into EVs strengthened its brand name. The company has a wide enough variety of models to attract all segments of the market. Model 3 targets the low and medium ranges. Model Y is an SUV EV that appeals to the middle class. Model X and Model S are high-end models available to those who can afford them.

CEO Elon Musk’s bid for Twitter (NYSE:TWTR) assures he will remain relevant in the news. The more coverage he gets, the more appealing the Tesla memes.

Europe’s economic troubles might slow Tesla’s growth. The mayor of Grünheide delayed a vote to expand the Gigafactory in Germany.

On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.