Momentum and AI Catalyst Driving Reddit's Stock

3 months ago

Paul Sweeney

"Reddit RDDDT is the ticker. The stock is up by more than 15% after results that beat expectations. That's the highest in a month. It also gave an outlook that is above analyst consensus. So, Reddit is a social media platform. And this good earnings report is a sign that the company's ad business will continue to grow really at a steady clip after its IPO around a year and a half ago. So, since listing, Reddit just really has begun to try to diversify its ad business. It also tried to capitalize on a growing trove of, you know, user post and now AI companies are using that. They use those to train valuable AI models. And I find myself actually using Reddit more and more."

The discussion outlines Reddit's strong performance post-earnings, with a robust 15% surge and an optimistic outlook driven by ad business growth and potential AI utilization, signaling ongoing momentum.

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