Reddit’s stock soared after reporting strong second-quarter results, with sales and earnings rapidly rising. Data licensing for AI models is driving growth. The company’s Q2 profit was $0.45 per share on $500 million in sales, beating estimates. Sales increased 78% year over year. Reddit expects $535-545 million in sales for the current quarter. Wall Street analysts are bullish on Reddit’s future.

Read more at Yahoo Finance: Why Reddit Stock Skyrocketed This Week