Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

11. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders In Q3 2024: 52

Reddit, Inc. (NYSE:RDDT) is a social media company with more than 97 million daily active users. Its platform of anonymity and communities based on user interest has allowed the firm to create a unique moat for itself in the social media industry. Reddit, Inc. (NYSE:RDDT)’s shares have gained more than 224% in 2024 as the firm has benefited from the advantages that it can offer others seeking to train their AI models. Reddit, Inc. (NYSE:RDDT) has also expanded its international presence through features such as machine translation. Here’s what Cramer said about the firm:

“This stock was one of the most underpriced IPOs in history. People didn’t realize that Steve Huffman is a real businessman. Their model is teriffic. And it got more data than anybody, and I think that this is a fantastic AI play. Because you need to have, you can train using uh Reddit data.”