Jim Cramer on Reddit: “I Think This Remains a Terrific Story”

Reddit, Inc. (NYSE:RDDT) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer commented on the company’s recent earnings report, as he said:

Reddit with a stock that’s down 36% for the year reported after the close, and I thought the numbers were excellent. Management also gave strong guidance for the current quarter. I think this remains a terrific story, one I highlighted in How to Make Money in Any Market. Reddit’s basically become a database of human conversations on the internet, and it’s essential for training artificial intelligence models. And they’re doing all of this without the massive capital spending plans of other big tech companies. To me, it’s a winner, and the after-hours market agrees with me. The stock’s up big.

Reddit, Inc. (NYSE:RDDT) runs an online platform that hosts communities where users connect over shared interests, exchange ideas, and share content such as posts, images, and videos. When a caller inquired about the stock during the April 16 episode, the Mad Money host responded:

No, no, Reddit should not have been down that much. I wish Steve Huffman would come on because he knows how much I think Reddit is a very, very valuable company. And I gotta tell you, if I had a bigger company and I could… snap up that $31 billion business, I would do it. I think that they’re, you can train on their stuff. It’s very exciting.

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