Source: TY Lim / Shutterstock.com Sure, there’s the potential for its e-commerce transformation, spearheaded by its chairman, Chewy (NYSE:CHWY) co-founder Ryan Cohen. The Game Hasn’t Stopped Just Yet for GME Stock You can argue that GameStop’s valuation is not reflective of its underlying value until the cows come home. Be it the outbreak of Covid-19’s Delta variant, slowing economic growth, or issues with inflation that may not get resolved as long as the Fed refuses to raise interest rates.