From Nasdaq: 2024-05-17 12:47:15

Shares of Reddit (RDDT) surged 14% following a partnership announcement with Microsoft’s OpenAI. This collaboration will see OpenAI’s ChatGPT chatbot integrating information from Reddit’s user-generated content, potentially driving growth for the social media company. Reddit’s management believes AI is key to long-term success, with a recent uptick in daily active users driven by Google.

While the partnership may benefit Reddit by expanding its user base, some skeptics question the value for OpenAI. Concerns arise from the potential mix of good and bad input in user-generated content, which could impact AI models over time. Investors looking to invest in Reddit should consider potential returns from other top stock picks identified by The Motley Fool.



Read more at Nasdaq: Why Reddit Stock Soared Today