Arm, Reddit and Astera Performance Show Strength of AI IPOs
- The three AI-related stocks are top IPO performers since 2022
- Their gains outstrip bigger peers like Broadcom and Marvell
This article is for subscribers only.
Artificial intelligence is still the biggest winner in the recent slate of initial public offerings, driving shares of top performers since the beginning of 2022 even higher.
Reddit Inc., which licenses its data to train AI models, has surged more than 55% since a late-October earnings release that bested Wall Street’s expectations. The post-earnings jump has pushed the social media company’s rally from its March public offering to more than 270%.