Jim Cramer’s Lightning Round: 7 Stocks to Watch

2. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 52

Cramer likes Reddit, Inc. (NYSE:RDDT) and praised the co-founder and CEO, Steve Huffman.

“I think Reddit’s fabulous. What can I say? I know it’s up a great deal, but I think Steve Huffman’s doing a fabulous job. I’m not a seller.”

Reddit (NYSE:RDDT) operates a popular platform, enabling users to engage in discussions, share content, and participate in a wide range of interest-based conversations. In a conversation with The Wall Street Journal, CEO Steve Huffman noted that the platform has become an integral part of how people seek information online.

According to Huffman, Reddit was the sixth most searched term on Google in the U.S. in 2024. Huffman noted that many users increasingly go to Google Search to access Reddit, acknowledging that people turn to the platform because it provides valuable insights, advice, and perspectives on nearly every topic imaginable. In the third quarter, the company saw significant growth in its user engagement. Daily Active Uniques (DAU) grew by 47% year-over-year, reaching 97.2 million.

Huffman also highlighted that the vast knowledge on Reddit plays a role in the development of artificial intelligence, stating that the platform’s content contributes significantly to the training of major AI models, with the intelligence on Reddit being a key source for these advancements.

Huffman stated that Reddit (NYSE:RDDT) has established partnerships with both Google and OpenAI, in addition to collaborating with organizations like the Internet Archive on a pro bono basis. He mentioned that the company has an initiative focused on making its corpus accessible to those conducting research.