Bernstein Raises Reddit Inc (RDDT) Price Target, Citing AI Potential Amid Contrasting Valuation Concerns

By Yahoo! Finance | Nov 1, 2024 at 10:38 AM EST

Reddit Inc's position among AI stocks was analyzed, noting the dominance of chip makers and cloud businesses in AI spending. Tech giants are investing in foundational AI advancements, with consumer products still in development. OpenAI's ChatGPT Search engine was highlighted as a significant breakthrough, providing real-time information.

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