Reddit (RDDT) Jumps 6% on New AI Feature

Reddit Inc. (NYSE:RDDT) is one of the 10 Stocks Boast Whopping Gains Amid Market Downturn.

Reddit extended its winning streak to a fourth straight day on Tuesday, adding 6.05 percent to close at $133.84 apiece as investors cheered the launch of its new Artificial Intelligence-powered feature.

On Monday, Reddit Inc. (NYSE:RDDT) launched the AI-powered Reddit Community Intelligence, which will offer new ad tools that help brands and showcase conversations happening on the platform.

Community Intelligence is the collective knowledge from the billions of human conversations across the Reddit platform. It powers products and insights and turns more than 22 billion posts and comments into structured intelligence for smarter marketing decisions.

As part of its early-stage products, Reddit Inc. (NYSE:RDDT) is offering Reddit Insights and Conversation Summary Add-ons.

Reddit Insights is an AI-powered social listening tool that provides precise, real-time insights that help marketers confidently plan campaigns, validate creative ideas, and make smarter business decisions.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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