Reddit, Inc. (RDDT)'s CEO Is "So Good," Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive. Reddit, Inc. (NYSE:RDDT) is one of the stocks Jim Cramer recently discussed.

Reddit, Inc. (NYSE:RDDT) is one of Cramer’s favorite stocks. He believes that the firm’s treasure trove of user data places it in a great position to benefit from AI software firms’ demand for training data. Reddit, Inc. (NYSE:RDDT)’s shares have gained 39% year-to-date, primarily on the back of a massive 39% surge in late July and early August. The shares soared after the firm delivered an unbelievable 78% revenue growth in its second quarter. Cramer was full of praise for Reddit, Inc. (NYSE:RDDT)s CEO Steve Huffman and revealed that the firm was using Salesforce:

“I was the one on paper hanger last night because I’m like, holy cow, this thing, I’ve seen this thing come back and I think that Marc is so proud. . .he’s got a bunch of other accounts that are doing great things. Steve Huffman at Reddit, he’s so good.”

Previously, Cramer discussed Reddit, Inc. (NYSE:RDDT)’s stock price:

“Okay, Steve Huffman is the most self-effacing of great CEOs of this generation. I like the stock so much. I thought it would come in, so I could buy it for the Charitable Trust… It hasn’t, it’s down five today. I do believe, I thought I could get it at 180, 170… Hold on to the stock. It’s a winner.”

While we acknowledge the potential of RDDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.