Can Reddit's AI Innovations and Ad Growth Push the Stock Higher?

Reddit (RDDT) shares have appreciated 25.7% in the past month compared with the broader Zacks Computer & Technology sector’s rise of 4%.RDDT shares have also outperformed the Zacks Internet Software industry and its peers, including Snap (SNAP) and Meta Platforms (META) , in the past month. While Snap and Meta Platforms shares have gained 8% and 9.1% in the past month, respectively, the industry returned 10%.The outperformance can be attributed to Reddit’s extensive content to enhance search and AI capabili ...