Reddit, Inc. (NYSE:RDDT) saw a 26.04% surge in share prices last week due to strong earnings in Q2. The company reported a net income of $89 million, up from a $10 million loss last year, with revenues increasing by 78% to $500 million. US market share grew by 79% to $409 million.

In Q3, Reddit (NYSE:RDDT) aims for $535-$545 million in revenues, a 53-56% increase from Q3 2024. Co-Founder and CEO Steve Huffman expressed confidence in Reddit’s value amidst a world craving connection. However, other AI stocks may offer higher returns with less risk, according to a report by Insider Monkey.

Read more at Yahoo Finance: Reddit (RDDT) Climbs 26% on Strong Earnings