AN NON-AI STOCK REDDIT SHOWS EXPANDING AI EXUBERANCE, IMPORTANT TREASURY AUCTION AHEAD, FED MIA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
AI Exuberance Expands
Please click here for a chart of Reddit stock (RDDT).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of RDDT stock is being used to illustrate the point.
- Reddit is a social media company best known for the meme crowd running up meme stocks such as GameStop (GME) and AMC Entertainment (AMC). Reddit is also home to the YOLO (you only live once) crowd.
- Reddit came public at a price of $34 per share, the high end of the range.
March 26, 2024