Jim Cramer Discussed These 18 Stocks After Major AI Event

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7. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders In Q3 2024: 52

Reddit, Inc. (NYSE:RDDT) is a new-age social media company that is one of the newest entrants on the stock market. Its shares have gained 231% since the IPO in March 2024. Reddit, Inc. (NYSE:RDDT) has benefited particularly in the AI age as its user base allows AI companies with plenty of data to train their models with. The firm’s anonymity and community-based model enables users to freely express their opinions, while its moderator platform also ensures stability on the platform. Cramer commented on Reddit, Inc. (NYSE:RDDT)’s community platform:

“And what he should have said, is that Reddit is a superior form of getting people out of the community who are doing destructive things to the community.”

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