Reddit Inc's Next Earnings Report on July 30 Could Send the Stock Soaring. Here's Why.
Reddit has impressed since its IPO two years ago. The stock could be in store for more gains.
Overview
Reddit (NYSE: RDDT) may be the most intriguing AI stock on the market.
Unlike semiconductors, software companies, or hyperscalers, Reddit derives its value in AI from its “corpus,” or the body of content on its site, which may be the most valuable source material for generative AI training and inference.
Details
The vast majority of Reddit’s revenue still comes from advertising, but its potential in data licensing has helped expand the stock’s valuation and attracted AI investors.
Source
Originally published at www.fool.com.
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