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We recently published a list of These 10 Firms Led Friday’s Rally, Here’s Why. In this article, we are going to take a look at where Reddit Inc. (NYSE:RDDT) stands against other firms that led Friday’s rally.
The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment.
The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively.
Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
Reddit Inc. (NYSE:RDDT)
Reddit Inc. grew its share prices for a fourth consecutive day, adding 5.21 percent to close at $118.10 apiece as investors cheered news that it expanded its “Reddit Answers” interface into eight countries while also repositioning portfolios ahead of the release of its first quarter earnings performance next week.
According to the company, Reddit Answers is now available in Australia, Canada, India, Malaysia, Pakistan, the Philippines, Singapore, and the United Kingdom.
Reddit Answers is the company’s Artificial Intelligence-powered interface that lets users ask questions and receive answers in a conversational manner. The new platform is accessible on its website, on Android, and on iOS.
Unlike generic AI chatbots such as ChatGPT and Gemini, Reddit Answers leverages data within the Reddit site.
Reddit Answers debuted in the US in December 2024 in a bid to improve the search experience by making it faster, smarter, and more relevant. So far, the interface platform only supports the English language.
Meanwhile, Reddit Inc. (NYSE:RDDT) is scheduled to release the results of its operational and financial highlights after market close on Thursday, May 1, 2025.
Overall, RDDT ranks 6th on our list of firms that led Friday’s rally. While we acknowledge the potential of RDDT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RDDT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.