Core Insights - Reddit stock (NYSE: RDDT) is gaining renewed attention on Wall Street after a challenging year regarding growth and monetization [1] Company Summary - The social platform has faced skepticism over its growth potential and ability to monetize effectively [1] - Recent sentiment around Reddit stock indicates a shift towards optimism among investors [1]

Key Points Reddit stock is up more than 60% so far this year, and it outperformed Nvidia across the stretch. Reddit's valuation surged in conjunction with strong sales growth, driven by data licensing for AI applications. Reddit looks poised to continue scoring wins with data licensing for large language model (LLM) applications. 10 stocks we like better than Reddit › Reddit (NYSE: RDDT) stock has been on a tear this year. The social media platform and news aggregator's share price has rocketed 62 ...