Ramish Cheema
2 min read
In This Article:
Reddit, Inc. (NYSE:RDDT) is one of the Jim Cramer Says People Are Getting “Happier” & Discusses These 11 Stocks.
Reddit, Inc. (NYSE:RDDT) is a new-age social media company that has proven to be one of the most important stocks in today’s AI era. The firm’s platform allows complete anonymity to posters and allows it to gather a diverse set of viewpoints. This enables Reddit, Inc. (NYSE:RDDT) to provide key data for training AI models and it’s an aspect that’s also caught Cramer’s attention. He believes that the firm is a data mine for AI companies. His previous remarks about Reddit, Inc. (NYSE:RDDT) have praised its management and stressed that it is one of the top plays in digital advertising. Here are his latest thoughts:
“But these are two of the companies, along with Reddit. . .they came from a particular era of IPO. Of winners. And these are all ones I’d buy.”
For Cramer, Reddit, Inc. (NYSE:RDDT) is a top stock. Here are his recent thoughts:
“Okay, I want you to buy Reddit here. Let me tell you something, this stock has been coming down. It was a short squeeze, went all the way up to 200. That shouldn’t have happened. I think Steve Huffman is doing a remarkable job, and you are onto something. Reddit, I think, is probably the best bang, really the best bang for the buck that there is right now in advertising and people don’t realize that. I’ve done so much more work on this. I can’t even tell you how much work I’ve done on this, and I keep coming back and… you know what, Insta is second. Alright, TikTok second, kind of even. First is going to be Reddit, bang for the buck. You are onto something because the verticals are so precise. They’re so precise…. I used to say TikTok first. I used to say Insta first. No, their backseat to Reddit. You heard it from me.”
While we acknowledge the potential of RDDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
