Reddit’s High-Flying Run Faces AI-Training Data Test in Earnings
- Stock is top performing US IPO to raise at least $310 million
- Wall Street awaits commentary around Reddit’s AI ambitions
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Reddit Inc. shares have been on a tear since going public earlier this year, and the social-media company’s unique place in the artificial intelligence landscape will dictate whether the rally continues.
The stock is up 139% since it began trading in March, the best performance among this year’s IPOs to raise at least $310 million, according to data compiled by Bloomberg. The next test of that rally will come with the Tuesday release of its third-quarter results.