Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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18. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders In Q3 2024: 52

Reddit, Inc. (NYSE:RDDT) is a social media company that is the youngest on the stock market. Since its listing in March, the shares are up by 241%. Reddit, Inc. (NYSE:RDDT) is one of the more unique social media platforms as it enables users to engage with each other through communities specific to their interests. Its treasure trove of user data has served the firm well in today’s AI era as firms are eager to use this data to train their algorithms. Deals surrounding AI have helped Reddit, Inc. (NYSE:RDDT) beat quarterly earnings and revenue estimates. Cramer is also impressed by the firm’s performance:

“And this is a Reddit, Dutch Bros market. I mean Dutch Bros caught a very late upgrade today, unless you believe it’s the next Starbucks. Reddit was up huge last week, it seems to not be able to be contained by anything.”

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