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Is Reddit the Next Big AI Stock? Here's Why I'm Skeptical

TheMotleyFool

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Is Reddit the Next Big AI Stock? Here's Why I'm Skeptical: https://g.foolcdn.com/editorial/images/770370/artificial-intelligence-ai-robot-big-data-bull-market-stock-chart-getty.jpg

Investors clamoring for more initial public offerings (IPOs) finally got what they were looking for.

Reddit (NYSE: RDDT) splashed into the public market last Thursday, after a long drought in notable IPOs and speculation about whether the social media platform would finally go public.

Reddit's debut did not disappoint. After its IPO was priced at $34, the stock soared nearly 50% on Thursday, though it gave up some of those gains on Friday as the fervor over the social media stock somewhat subsided.

Source Fool.com

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